PM Edition: Top 10 Business Articles on LiveNews.co.nz for October 9, 2026 – Full Text

Source: ASB Bank

8 October 2026

• Energy is now the second biggest concern of Kiwi businesses, with 73% concerned about current energy costs, closely behind the 79% concerned about general economic uncertainty.
• Fewer than 40% of businesses expect they could continue operating for more than three days if their primary energy source was down.
• ASB has partnered with Tether to launch Better Buildings, an industry-first platform to help Kiwi businesses invest confidently in more efficient, sustainable and resilient buildings.

More than two-thirds of New Zealand businesses are concerned about current and future energy costs, new research by ASB shows. Nearly one-third have raised prices because of energy costs or supply uncertainty, while one in five have reduced production, hours or output.

The survey of over 400 business leaders[1], supported by Talbot Mills Research, found seven in ten businesses say energy is a major or actively managed cost for their organisation, while the same proportion report that their energy costs have increased compared with two years ago.

The findings also reveal a gap between perceived resilience and actual preparedness. While nearly two-thirds (64%) believe their business is well equipped to keep operating through a prolonged power outage, only 37% expect they could continue operating for more than three days if their primary energy source was down.

In addition, more than a quarter of businesses (28%) have identified energy as a risk but do not yet have a plan in place to address it.

ASB Executive General Manager Corporate Banking Jonathan Oram says the findings suggest businesses need to treat energy as a strategic business issue, not simply an operational cost.

“Businesses clearly recognise the growing challenges posed by rising energy costs and potential supply disruptions, driven by declining domestic gas reserves, the Middle Eastern conflict, and global political uncertainty, yet many are not taking action.

“Technologies like solar power, battery storage, and electric vehicles are advancing rapidly. Research shows that businesses could reduce their energy costs by up to 20% through greater energy efficiency [2].

“Taking action on energy resilience today can help businesses reduce costs, manage risk and create a stronger foundation for long-term success. ASB is helping businesses through practical support, tools and trusted expertise, giving them the confidence to act and adapt in this uncertain environment.”

ASB partners with Tether to launch Better Buildings

More than 40% of businesses surveyed spend at least 40% of their energy costs on buildings and facilities. ASB has partnered with building performance company Tether, to launch Better Buildings.

This industry-first platform, available from today via ASB’s website and www.betterbuildings.co.nz, is designed to help property investors, owner-occupiers and their tenants reduce investment uncertainty and improve the efficiency, sustainability and resilience of their buildings.

“Better Buildings helps businesses identify energy resilience opportunities, build the business case for investment and create better-performing, future-ready buildings. When businesses are ready to invest, ASB can support eligible projects through our sustainable finance solutions,” Oram says.

Tether’s Founder and CEO, Brandon van Blerk, says: “Too often, property owners and occupiers have had to navigate building advice, suppliers and finance separately, making it harder to turn opportunities into action. Better Buildings brings the process together in one place, helping businesses build stronger investment cases, access funding and measure results.”

ASB has funded the expansion of the NABERSNZ energy efficiency certification scheme, enabling more businesses to measure and optimise their energy use.

As part of the expansion, shopping centres, retail stores, warehouses and cold stores can access the scheme from today. Administered by the New Zealand Green Building Council on behalf of the Energy Efficiency and Conservation Authority (EECA), NABERSNZ independently verifies a building’s energy performance through a one to six-star rating system. The expansion builds on the success of the tool in New Zealand’s office sector, where it has been widely used since 2014.

Access to Energy Consultants

For businesses with more complex energy needs, ASB is supporting access to independent energy consultants to help them identify opportunities to improve energy resilience, understand potential returns, and develop a roadmap for implementation. Eligible customers who proceed with qualifying ASB lending can receive reimbursement of consultancy costs of up to $50,000.

Investing for the Future

While the survey found 43% of businesses see upfront costs as the biggest barrier to investing in energy resilience, ASB offers a range of sustainable finance lending products for business and corporate customers. These include business sustainability loans, lending under the Government backed Gas Transition Loan Guarantee Scheme, as well as specialised lending for larger projects.

Notes

• The full ASB Business Survey can be found here.
• Through ASB’s Pathway to Resilience, the bank is committed to helping Kiwi businesses build resilience, improve performance and lower operating costs. Through its broader Pathways to Progress programme, ASB is supporting businesses to become more productive, resilient and better positioned for long-term success. More information about how ASB is backing business is available here.
• ASB recently teamed up with DETA to release ‘Opportunity in an Era of Energy Shocks’, a report exploring changes, challenges and possibilities during New Zealand’s energy transition. The full report is available here.

[1] Results in this report are based upon questions asked in a Talbot Mills Research online survey. The basis of the sample is n=406 NZ business leaders (business owners, C-suite, senior management). 402 were recruited from panel provider Dynata, and 4 were provided by ASB.

[2] Source: Sustainability Business Network, ‘Saving Energy’

For more than a century, case-based learning has put students in the shoes of business leaders by giving information they need to analyse a problem, and then ask them how they would solve it.

Now, artificial intelligence (AI) is changing what it means to solve a case. Since January 2026, NUS Business School has been piloting an AI-enabled approach in which students are given an AI-simulated problem where they must determine what information they need, decide whom to ask, evaluate the answers they receive and make a recommendation under uncertainty.

The simulation is built on ScholAIstic, a generative AI platform developed by the NUS AI Centre for Educational Technologies (AICET) to support roleplaying and simulation-based learning.

Dr Emir Hrnjić, a Senior Lecturer in Finance at NUS Business School, has been working with AICET to adapt and refine these capabilities for management education, developing executive personas around the business case.

To date, the tool has now been used by close to 100 MBA and Executive MBA students across Singapore and Jakarta, many of whom are senior executives.

Sharpening the human instinct behind good decisions

In the pilot, students interview AI-simulated executives, including a Chief Executive Officer, Chief Financial Officer and Chief Product and Technology Officer, each offering a different perspective to the same business situation. Students must navigate these perspectives, assess the information they gather and reach their own conclusions.

After each interview, students receive personalised feedback on on their questioning, allowing them to reflect and adapt their approach in subsequent interviews.

Dr Hrnjić said: “Students must decide what they need to know, ask the right questions, challenge what they hear and exercise judgement without having the complete picture. The aim is not to replace that human instinct with AI, but to sharpen in by helping students become more discerning about what to ask and trust. That is much closer to how leaders make decisions in the real world.”

Early findings suggest that effective use of AI is not about asking more questions but about asking the right ones. Analysis of interview transcripts showed found that stronger interviews had more targeted questions, follow-ups and adaptation as new information emerged, rather than simply working through a prepared list.

The findings point to a broader role for generative AI in management education. Rather than using AI primarily to search for information or generate answers, the technology can recreate the real-world scenarios, sharpening executives’ judgement to better navigate uncertainty and competing perspectives they face in real organisations.

NUS Business School sees potential for similar AI-simulated tools to be applied to other areas of business education where students need to question stakeholders, negotiate competing interests and make decisions under uncertainty. The ambition is to move beyond the largely static information environment of the traditional case towards a dynamic one where students actively acquire information, pursue emerging lines of inquiry, challenge assumptions and exercise judgement as the problem unfolds.

The simulation is one part of NUS Business School’s broader approach to integrating AI into education. The school is exploring how AI can enhance, rather than replace, meaningful learning, thereby helping students develop the judgement, critical thinking and adaptability needed to navigate an increasingly AI-enabled workplace.

This becomes increasingly important as AI takes on a greater role in business. Companies across Asia, including Indonesia, are rapidly adopting AI across their operations, making the ability to question and assess AI-generated information an increasingly important leadership skill. For Indonesia, the economic stakes are significant. A 2020 study by Kearney and EDBI projected that AI could contribute US$366 billion to the country’s GDP by 2030, equivalent to 12 per cent of projected GDP. https://bschool.nus.edu.sg/
https://www.linkedin.com/school/nus-business-school/
https://x.com/NUSBizSchool
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https://www.instagram.com/nusbizschool/?hl=en

Hashtag: #NUSBusinessSchool

About National University of Singapore (NUS)

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• Located in the commercial hub of Phnom Penh, the new office will offer improved accessibility and support to key industries including FMCG, Manufacturing, Industrial, and Clean Energy
• The new office signals growth for the local team, with business expansion and talent development plans in the pipeline

PHNOM PENH, CAMBODIA – Media OutReach Newswire – 8 October 2026 – Rhenus Logistics strengthens its portfolio of services in Cambodia, following various successes in delivering projects, in particular government infrastructure projects. To support the growth, starting today, the local Head Office will move into GIA Tower, Koh Pich (Diamond Island) in the central business district of Phnom Penh. This is in line with the company’s plan to position Cambodia as a strategic growth market and enhance its capability to serve key growth industries in the country.

Samuel Tan, Managing Director of Myanmar & Cambodia, Rhenus Air & Ocean, says, “The opening of our new office marks an exciting chapter for Rhenus Logistics in Cambodia. Over the past few years, we have built a strong team, expanded our customer base, and strengthened our position in the market. This investment reflects our confidence in Cambodia’s growth potential and our commitment to supporting customers with reliable and innovative logistics solutions tailored to their evolving supply chain needs.”

A Stronger Focus on Supporting Key Growth Industries

The plans to extend Rhenus’ presence and visibility in Cambodia comes at a time when Cambodia is actively strengthening trade policy, market access and business competitiveness, as it prepares for graduation from the UN’s Least Developed Country (LDC) category.

Rhenus Cambodia’s head office will focus on supporting local and FDI businesses in customized solutions across FMCG, Industrial Raw Materials, Equipment & Electronics, Automotive Components, Renewable Energy Equipment, Life Sciences (Medical Equipment and Pharmaceutical) and the GFT (Garments/ Footwear and Travel Goods) sector. The new office will offer customer-centric solutions tapping on an array of options and services, including air and ocean freight, cross-border transportation, customs brokerage, and project logistics.

The relocation reflects Rhenus Cambodia’s continued investment in both business growth and employee wellbeing. Employees will have access to complimentary health and wellbeing initiatives, including yoga sessions, running clubs and shared sports facilities.

Alongside these investments, Rhenus Cambodia continues to build its local talent pipeline through internship opportunities for students with a logistics background, providing practical industry exposure and opportunities to develop future talent within the logistics sector.

Samuel adds, “Moving into a new office is not just about a new workplace. It is about creating the right environment for our people, enhancing collaboration, and building the foundation for our next phase of growth. We look forward to continuing our journey with our customers, partners, and employees as Cambodia further integrates into regional and global supply chains.”

Rhenus entered the Cambodian market in 2017 and has also achieved ISO 9001 for quality management, ISO 14001 for environmental management, and ISO 45001 for occupational health and safety.

Rhenus Head Office in Cambodia:

Address: GIA Tower, Unit G2506-09, Sopheak Mongkul Street, Diamond Island, 12 301 Phnom Penh, Cambodia
Contact: samuel.tan@rhenus.com

Hashtag: #Rhenus #Cambodia #Logistics

About Rhenus

Why manufacturers, businesses, brands and policymakers across Asia-Pacific should be in the room as new rules reshape how materials move.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 October 2026 – Companies selling into Europe are about to find out whether their supply chains are ready for the rules. On 21 November, the European Union will ban plastic waste exports to non-OECD countries, and its new vehicle and packaging regulations will increasingly require recycled content in the products they sell. Just days before, on 16 and 17 November, the Plasticity Forum Kuala Lumpur (KL) 2026 will bring brands, manufacturers, plastic makers, and policymakers to M Hotel in Kuala Lumpur to ask how the region secures the materials it needs and stays competitive as the rules tighten.

Southeast Asia’s supply of post-consumer recycled (PCR) plastic is already feeling the shift. Thailand and Indonesia halted plastic scrap imports in January 2025, and Malaysia has tightened its plastic waste import rules and, since April 2026, banned e-waste imports outright. That material is critical to products destined for the EU. Under the EU’s vehicle rules, new vehicle models must contain at least 15% recycled plastic from 2032, rising to 25% from 2036, and its packaging rules set recycled-content minimums from 2030. Wider eco-design rules are also expected to reach products such as electronics and textiles in the coming years. Manufacturers will need reliable, compliant supply to keep selling into major markets.

“The old model of shipping waste to wherever it is cheapest to process is ending, and the rules are changing faster than many businesses have planned for,” said Mr. Douglas Woodring, Founder of the Plasticity Forum.

“It is the best of times for corporate pledges and the hardest of times for operational reality. You cannot make a product to the new standards if the raw material is locked behind borders or left in landfill. The businesses that start building compliant supply chains now will be the ones still selling into these markets.”

Over two days, the Plasticity Forum KL 2026 will tackle the policy and market questions behind that challenge, from Extended Producer Responsibility (EPR) and investment to consumer demand and the UN Plastics Treaty, with sector sections on electronics, automotive, and food-grade plastics. A candid panel of brands, plastic makers, and recovered plastic suppliers will cover the good, the bad, and what works in practice, and roundtables will feed into a closing session, “From Plasticity 2026 to the World”, gathering the messages delegates want to take to brands, regulators, investors, and the UN.

“Southeast Asia is where this shift is being felt most keenly, and Kuala Lumpur is the right place to work out what comes next. The region has a chance to build higher-value, more resilient circular material systems rather than simply react to new rules,” Mr. Woodring added.

Since its launch at the Rio+20 Earth Summit in 2012, the Plasticity Forum has been staged in 13 cities around the world and returns to Greater Kuala Lumpur, which also hosted the forum in 2018. The Plasticity Forum KL 2026 will take place on 16 and 17 November at M Hotel for anyone with a role in the plastics supply chain who wants to help shape what comes next.

Organisations can take part in Plasticity KL 2026 by attending, by contributing insights and sharing the event with their networks, or by supporting the forum as a sponsor, exhibitor or supporter. For registration and partnership details, visit Plasticity Forum.

https://plasticityforum.regfox.com/plasticity-2026

About Plasticity Forum

About Ocean Recovery Alliance

Recognition in the Woman Entrepreneur category honours a 17-year journey building Asia Pacific’s first global newswire – and the first founded by a woman – giving Asian brands a voice on the world stage

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 October 2026 – Jennifer Kok, Founder and CEO of Media OutReach Newswire, has been named one of 12 Top Nominees for EY Entrepreneur Of The Year 2026 Malaysia awards, in the Woman Entrepreneur category. This year’s programme, the 25th in Malaysia, drew a record number of nominations.

Since its launch in 2002, EY Entrepreneur Of The Year Malaysia has recognised more than 350 entrepreneurs, as part of a global programme held in more than 60 countries and jurisdictions. An independent panel of judges assesses nominees against four pillars: entrepreneurial spirit, purpose, growth and impact. Winners will be announced at a gala dinner on 1 December 2026.

A 17-year entrepreneurial journey

Entrepreneurial spirit that built Asia’s first global newswire
Jennifer founded Media OutReach Newswire in 2009 to build what the industry lacked – a global newswire born in Asia – becoming the first woman to found a global newswire, and has continued to redefine the PR industry through industry-first innovations, from the digital era to the age of AI.

Purpose that turns business success into shared opportunity
Her mission since day one has been to help Asian brands authentically build their reputation in global markets, leading with a social enterprise mindset that creates opportunity for clients, the PR community and her team. Giving back has always been close to her heart. She provides pro bono press release distribution to help NGOs and community initiatives amplify their impact, while supporting children, marginalised communities and animal welfare.

Growth that promotes Asian excellence worldwide
Today, Media OutReach Newswire connects brands with 200,000+ journalists and editors and 70,000+ media titles across 190+ countries and territories, with targeted distribution across 500+ trade categories, alongside 1,500+ media partnerships and offices in eight Asian markets, including Malaysia.

Impact is redefining PR for the AI era
Trusted by thousands of agencies, corporations, governments and SMEs, the company has repeatedly set industry standards – most recently becoming a fully AI-enabled newswire in 2026. Media OutReach Newswire connects clients’ news with journalists and enables the news to be cited by AI, helping build brand trust, increase AI visibility, and maximise PR impact.

Media OutReach Newswire’s next phase of growth is anchored in three pillars: AI innovation, people and social impact. The company uses AI to innovate its services and workflows for clients and staff, invests in its team, and funds community projects for children and animals.

“Seventeen years ago, I set out to build Asia Pacific’s first global newswire so that Asian brands could tell their stories to the world,” said Jennifer Kok, Founder and CEO of Media OutReach Newswire.

“To be named a Top Nominee in the award’s 25th year in Malaysia is an honour I share with our team, media partners and clients. Entrepreneurship, to me, has never been just about business. It is about creating opportunities, empowering the PR industry, investing in people and using what you build to help others succeed. Our vision is to help Asian brands to achieve global communications success.”

Hashtag: #EY #EOY #Entrepreneurship #WomenEntrepreneurs #Asia #AI #Malaysia #MediaOutReachNewswire

About Media OutReach Newswire

Future-ready infrastructure supports digital learning across 24 schools and approximately 10,000 students

OKINAWA, JAPAN – Media OutReach Newswire – 8 October 2026 – ALE International, operating under the trade name Alcatel-Lucent, in collaboration with Rikei and Prostaff, has deployed a future-ready Wi-Fi 7 network for the Okinawa City Board of Education, supporting digital learning across 24 elementary and junior high schools and approximately 10,000 students.

As Japan’s education system prepares for wider adoption of digital learning materials by 2030, school networks will need to support more connected classrooms, higher device density and more flexible teaching models. For the Okinawa City Board of Education, this meant building a resilient and scalable connectivity foundation while simplifying network operations across multiple school sites.

The Okinawa City Board of Education required a high-performance wired and wireless network capable of supporting growing digital learning demands across 24 schools. It also needed centralized visibility and management across both wired and wireless infrastructures, compatibility with existing classroom tools, and reliable wireless performance in environments affected by radio frequency interference from nearby facilities.

Working with Rikei and Prostaff, Alcatel-Lucent designed and implemented a network architecture combining next-generation Wi-Fi 7 access points, high-performance switching and centralized management through OmniVista Network Management Platform. A Proof of Concept was conducted to validate wireless performance, compatibility with existing systems and the ability to operate effectively in complex radio frequency environments.

The deployment provides Okinawa City’s schools with a reliable, high-speed network foundation to support digital learning at scale. The new infrastructure delivers Wi-Fi 7 connectivity across the 6GHz and 5GHz bands, improves responsiveness for digital learning applications and enables more consistent classroom connectivity across all schools. The transition from the previous infrastructure was completed smoothly while maintaining support for existing classroom technologies.

The new network also provides a centralized and scalable operational foundation across all 24 schools. By consolidating visibility and management of the wired and wireless infrastructure, the Okinawa City Board of Education can simplify day-to-day network operations and more efficiently manage the growing number of connected devices and digital learning applications.

“Digital learning only works when the network behind it is reliable,” said Ms. Yuko Shima, Deputy Chief Administrator, Educational Support Center, Instructional Department. “We needed infrastructure that could support today’s classrooms while giving our schools the flexibility to evolve as education becomes more digital. Alcatel-Lucent and its partners understood this requirement and delivered a network foundation that supports both our immediate needs and our long-term goals.”

“Our objective was to help Okinawa City build a high-performance and reliable digital learning environment across all schools,” said Tee Jyh Chong, Senior Vice President Sales & Services, Asia Pacific. “By combining Wi-Fi 7, high-performance switching and centralized management, we are helping the Okinawa City Board of Education simplify operations, strengthen connectivity and prepare for the next phase of digital education.”

Hashtag: #AlcatelLucent

About Alcatel-Lucent

About Okinawa City Board of Education

Source: Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa

London, 6 October 2026

Insurance bodies representing Australia, the United Kingdom, Canada and New Zealand gathered in London today to announce the formation of the Four Nations Insurance Alliance, established to confront the rising risks threatening economic resilience across these four nations.

Together, the Insurance Council of Australia, the ABI, Insurance Bureau of Canada and the Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa represent insurers writing around USD $200 billion in premiums annually.

The partnership has been established in response to common problems that have been growing across the four economies, including climate risk, persistent inflation, regulatory cost, premium affordability, and a growing protection gap.

Additionally, emerging risks, including cyber threats and greater geopolitical instability, are challenging insurers and the vital economic and financial system role they play.

Insurance is critical economic infrastructure in all four nations; keeping cover sustainable and affordable depends on partnership across industry, government and borders.

The common institutional heritage and similar regulatory, legislative and commercial environment of the four countries have supported informal collaboration and knowledge sharing between the national trade bodies for some time.

The establishment of the Alliance will formalise and boost that work for the benefit of insurers and their customers, regulators and policymakers in all four countries.

Under the partnership, the four trade insurance bodies will share evidence on what works, spanning public-private partnerships, hazard data, resilience investment, regulation and emerging risks including cyber and artificial intelligence, with the intent of turning lessons from one jurisdiction into practical reforms in another.

The launch takes place in London alongside a bipartisan Australian insurance delegation examining how governments and insurers can drive down underlying risk and keep protection available as the risk environment evolves

Comments attributable to Andrew Hall, CEO, Insurance Council of Australia

Insurance is the shock absorber of the economy.

When it comes under strain, that is a signal the risk beneath it is growing, and the honest response is to reduce that risk, not to disguise it.

Right now our economies spend far too much rebuilding after disasters and far too little preventing them, and that equation cannot hold.

Risk does not respect borders, so it makes sense for four countries facing the same pressures to work as one.

We are still paying for yesterday’s disasters while new gaps open through cyber, artificial intelligence and global instability, and this Alliance helps us get ahead of them.

Comments attributable to Hannah Gurga, Director General ABI:

Australia, Canada, New Zealand and the UK face many of the same challenges, from climate resilience and cyber risk to growing protection gaps.

The Four Nations Insurance Alliance will help us learn from one another’s experience, share what works and strengthen collaboration on solutions to those challenges.

As policymakers increasingly focus on how to narrow protection gaps and build resilience, this Alliance provides a valuable platform to bring together international experience and insurance expertise to help more households, businesses and communities access the protection they need.

Comments attributable to Celyeste Power, President & CEO, Insurance Bureau of Canada

Across the globe, communities are facing shared challenges, particularly increasingly frequent and severe weather events that threaten individual well-being, community resilience and economic stability. Despite our diverse climates, each member of the Four Nations Insurance Alliance is experiencing catastrophic wind, flood and wildfire events, that are taking a toll on residents and insurers. We need to urgently work together to address these risks.

As insurance associations, our objective is to work with our respective governments in support of insurers so they can continue to protect and assist their customers when disasters occur.

Through this alliance, we can exchange knowledge and advance solutions to the pressures facing insurers, not only from climate-related risks but also geopolitical uncertainty and emerging technologies.

We also understand that affordability is top of mind for most insurance customers. Ensuring their interests remain front and centre will be a key focus of our collaboration.

Comments attributable to Kris Faafoi, CEO, Insurance Council of New Zealand

New Zealand sees great value in collaborating with Australia, the UK and Canada. We face the same fundamental challenges.

Working as a collective of insurance industry bodies we want ensure the shared challenge of resilience and risk reduction can be met to close protection gaps and keep communities safe.

Our members across all four countries understand how insurance underpins economies and communities.

By working with Government’s and sharing our insights, we can ensure regulatory settings, technology and accessible insurance can strengthen the stability we value.

Notes to editors

The Four Nations Insurance Alliance is a non-binding partnership between the ABI, Insurance Bureau of Canada, the Insurance Council of Australia and the Insurance Council of New Zealand.

It works through regular dialogue, joint initiatives, coordinated statements and knowledge exchange.

Alliance priorities

• Share insight, evidence and best practice on the opportunities and challenges facing insurance markets in the United Kingdom, Canada, Australia and New Zealand;
• Share insights on new ways to distribute risk and support economic stability as insurance protection gaps grow, with a focus on working with government on effective Public Private Partnerships;
• Strengthen our advocacy, share best practice and promote great collaboration between governments, regulators, industry and other stakeholders on solutions that strengthen business, community and economic resilience;
• Engage across markets on approaches to resilience, adaption, risk reduction and risk sharing particularly in relation to growing protection gaps and the impacts of extreme weather, including rising “secondary perils” such as bushfire, hail and severe convective storms;
• Advocate for smart and proportionate insurance regulation that supports financial stability, consumer protection, and economic growth.
• Share insights and perspectives on new and emerging risks that are shaping our markets, including geopolitical developments and supply chain pressures, Artificial Intelligence and cyber risks.
• Ensure insurance is at the heart of key international forums and negotiations where appropriate;
• Identify opportunities for joint research, engagement and international cooperation where doing so would advance shared objectives.

In the role, Nsouli will lead the property’s pre-opening programme and establish its operational and guest-experience priorities. The opening strategy will focus on practical, flexible accommodation for business travellers, leisure guests and families – creating a welcoming home away from home while connecting each stay with the character of Phnom Penh.

Nsouli is a senior hospitality leader with over 20 years of experience in Cambodia, having held executive roles with Accor, Minor Hotels, Relais & Châteaux, LVMH, and Ascott. She excels in pre-openings, commercial strategy, and team development to drive sustainable growth.

“Phnom Penh is evolving so fast, yet its hospitality remains deeply personal,” Nsouli said. “At Somerset Diamond Bay Garden, we are combining that local heart with spaces designed for modern life – a place where guests can settle in, feel at home and experience the city on their own terms. Our entire team is eager to welcome our first guests and make their time here truly memorable.”

The 168-unit property will offer accommodation ranging from studios to three-bedroom residences. Published property information lists private balconies, kitchenettes and in-room washing machines among the accommodation features. Facilities include an outdoor swimming pool, fitness centre, children’s pool and play area, wellness spaces, and rooftop dining.

Located on Koh Pich, the property is near Connexion Mall and the Diamond Convention & Exhibition Centre, with access to other parts of Phnom Penh via Norea Bridge.

Somerset Diamond Bay Garden Phnom Penh is part of a management collaboration between The Ascott Limited and Overseas Cambodian Investment Corporation. OCIC is active in major property and infrastructure developments in Cambodia, including Koh Pich and Techo International Airport.

For pre-opening enquiries, reservations or further information, visit discoverasr.com or call +855 23 900 664.

https://www.discoverasr.com/en/somerset-serviced-residence/cambodia/somerset-diamond-bay-garden-phnom-penh
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Hashtag: #SomersetDiamondBayGardenPhnomPenh #LeadershipAnnouncement #GeneralManager #PressRelease #TheAscottLimited #OCICGroup

Somerset Diamond Bay Garden Phnom Penh