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Reserve Bank of NZ – Protecting independence while embracing partnership

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Source: Reserve Bank of New Zealand

29 October 2025 – Reserve Bank Governor Christian Hawkesby has reaffirmed the crucial importance of central bank operational independence, while highlighting the need for partnership to enable the economic wellbeing of New Zealanders.

In remarks delivered to an RBNZ event with industry stakeholders, Mr Hawkesby said that central bank operational independence does not mean complete autonomy or isolation. Rather, he emphasised the importance of the central bank and the government working in partnership.  

He explained the government’s critical role in monetary policy and financial stability. This includes owning the pieces of legislation underpinning the Reserve Bank’s mandates, outlining policy objectives, and making resolution decisions in case of a deposit taker or financial system failure.

Mr Hawkesby also noted that the central bank’s huge responsibility of having operational independence for setting monetary policy and prudential policy needs to go hand in hand with transparency and accountability.

“While respecting each other’s roles, a clear division of roles and responsibilities between government and central bank can enable an effective partnership, ultimately supporting the prosperity and wellbeing of New Zealanders,” he said.

Mr Hawkesby also acknowledged that working in partnership needs to extend beyond the central bank and the government.

“We need to work together with our Council of Financial Regulators [1] colleagues, the financial industry, fintechs, academics, the business sector, communities, iwi and a range of other government agencies on the future of money, the future of cash, the future of banking, the future of payments and the future of insurance.”

“The benefits to all New Zealanders will not be achieved without collective commitment and collective action,” he concluded.  

More information:

Protecting independence while embracing partnership – Reserve Bank of New Zealand – Te Pūtea Matua: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=3b4ee90e82&e=f3c68946f8

MIL OSI

Federated Farmers – Survey reveals shocking cost of consents

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Source: Federated Farmers

A new survey shows the cost and complexity of resource consents have reached breaking point, highlighting the need for urgent Government intervention.
Federated Farmers’ Survey on Resource Consents found four out of five farmers are worried about gaining or renewing consents, and the average bill for gaining a new consent has hit nearly $45,000. Renewal permits aren’t far behind, averaging $28,000.
“Our survey makes for incredibly sobering reading, as it’s shown us the true scale of the consenting problems,” Federated Farmers freshwater spokesperson Colin Hurst says.
“It’s staggering to learn the average total cost farmers are being stung with for regional council and consultancy fees is $45,000.
“It’s even worse for Canterbury farmers, who are forking out over $60,000.
“These numbers paint a damning picture of a system that’s simply not working.”
Hurst says it’s getting harder and more expensive every year to get a consent to keep farming, and there’s no clear reason why.
“The whole process has become so uncertain and complex that most farmers now must rely entirely on consultants and expert advisors.
“Even then, there’s no guarantee they’ll get a fair or timely decision.
“Farmers and growers are exhausted, stressed out and losing faith in a system that seems to prioritise paperwork over environmental outcomes.”
Completed by Federated Farmers members nationwide in September and October, the survey shows frustration among farmers is boiling over.
“Many farmers described the consenting process as ‘a rort’, ‘ridiculous’, ‘extortion’, and ‘a nightmare’,” Hurst says.
“How are they supposed to have the confidence to keep investing in their businesses if they don’t even know whether they’ll be allowed to keep farming next year?
“The simple answer is they can’t. The uncertainty is pulling the handbrake on growth and productivity right across the sector.”
With thousands of consents due to expire in the coming months, Federated Farmers says the situation is now urgent and requires immediate action.
“The Government’s plans to reform the RMA and replace it with a more workable framework are welcome – but that won’t happen overnight,” Hurst says.
“We’re staring down the barrel of even more stress and confusion if nothing changes.
“Farmers need certainty right now. Let’s end the consent chaos and give farmers the certainty they deserve.”
Federated Farmers is calling on the Government to allow all existing consents to roll over until the new system is in place.
“That would be a simple, practical step to save farmers time, money and stress,” Hurst says. 
Key Findings
  • Effluent consents are the most common (24%), followed closely by farming (land use) and water take/irrigation (both 21%).
  • 38% of respondents applied for a resource consent in the past year, indicating frequent engagement, while 31% applied over five years ago, suggesting varied consent durations.
  • The average spend on regional councils for consents was $17,400 with Auckland ($24,300) and Canterbury ($25,000) being the most expensive regions.
  • District council costs averaged $9,000, with Canterbury districts ($15,800) the most expensive.
  • Consultant costs averaged $27,500 nationally, with Canterbury ($47,700) again the highest.
  • 40% plan to apply for or renew consents in the next 24 months, expecting to spend an average of $28,574 on consultants alone.
  • Nearly four out of five farmers (78%) are concerned about gaining or renewing resource consents, reflecting anxiety about regulatory hurdles.
  • 40% expect to pay fees to affected parties (e.g. iwi), with 31% unsure, indicating uncertainty around additional costs.
  • Qualitative comments highlight frustration with excessive costs, bureaucratic delays, council incompetence, inconsistent implementation between council planners, iwi consultation fees, council use of consultants and farmers paying for the training of council planners. Farmers and growers also noted a lack of environmental logic and are calling for significant reform.

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Road reopened, Ōhaupō Road, Hamilton City

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Source: New Zealand Police

Ōhaupō Road in Hamilton City has now reopened following a single-vehicle crash just after 4.30pm today.

Police were called to Braemar Hospital on Ōhaupō Road after receiving a report a car had crashed into the fence of the hospital.

Police thank drivers for their patience.

ENDS

MIL OSI

Greens re-litigate losing cannabis argument

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Source: Family First

MEDIA RELEASE – 29 October 2025

Family First says that the Green Party’s attempt to relitigate the cannabis debate is desperate politicking that refuses to accept democracy and to divert attention from the proven harms of legalisation which have been mounting since 2020.

“Contrary to Chloe Swarbrick’s claims, the evidence coming from parts of the world that have legalised cannabis prove beyond doubt that New Zealand made the very best decision in 2020 when it rejected legalisation,” says Bob McCoskrie, CEO of Family First NZ.

“Swarbrick says that the referendum was an ‘unfortunate binary’. This is a complete myth – as is her assertions that people are being locked up for smoking a joint. The referendum involved a proposed law with details as to how so-called ‘regulation’ would look like. This is the real reason she lost the referendum, because voters saw just how harmful and extreme the legalisation of the drug would look like in their communities and within families.”

“When voters know exactly what legalisation of drugs look like, they rightly reject the proposal.”

The evidence continues to pour in about the harms of the drug to users and communities.

According to data obtained under the Official Information Act by Family First last year, New Zealand health authorities say that 461 patients have had a primary diagnosis of Mental and behavioural disorders due to use of cannabinoids, psychotic disorder in the last recorded 12-month period (22/23) – rising from 376 in 2019/20 – an increase of 23% over four years.

In a 2024 report in Australia, “doctors are warning of a significant increase of people ending up in hospital with psychosis after being prescribed the drug. Their concerns come amid a proliferation of “single-issue” cannabis clinics setting up in Australia, some of them willing to prescribe via telehealth consultations with few checks..”

Dr Marta Rychert, a senior researcher at Massey University who with co-author Associate Professor Chris Wilkins published NZ Medical Journal: Implementation of the Medicinal Cannabis Scheme in New Zealand: six emerging trends warn about the increasing prevalence of products high in THC.

A significant study released at the time of the referendum found that “people who smoked marijuana on a daily basis were three-times more likely to be diagnosed with psychosis compared with people who never used the drug. For those who used high-potency marijuana daily, the risk jumped to nearly five-times.” By “high-potency” the researchers meant marijuana with THC content of just 10%+. During the Referendum in 2020, Patrick Gower found growers who were manufacturing a  concentrated cannabis resin (dab) with an incredibly potent 81 percent tetrahydrocannabinol (THC).

A study released in 2017 in the US and published in the journal JAMA Psychiatry found that marijuana use and marijuana use disorders – in which people use the drug in unhealthy or abusive ways – increased at a “significantly greater rate” in states with medical marijuana laws than in states without the laws.

In the US, the National Survey on Drug Use and Health (NSDUH) that assesses the prevalence of substance use and substance use disorder. The prevalence of past-month marijuana use among 18–25-year-olds has increased in the first four states that legalised recreational marijuana despite marijuana not being legal for use until age 21. The CDC warns, “The teen brain is actively developing and continues to develop until around age 25. Cannabis use during adolescence and young adulthood may harm the developing brain.”

A recent study, published in JAMA Pediatrics, analysed data from 355 women at Ohio State University Wexner Medical Center, showing that children exposed to cannabis during pregnancy had “poorer task-based planning ability” and exhibited “more observed aggression” by age five. These developmental impacts may hinder children’s long-term academic success.

According to the Minnesota Department of Health, from 2018 to 2023, the number of marijuana hospital-treated poisonings for children aged 4 and under increased by 733%

And a massive new study was published in one of the most prestigious journals in the pediatric world, the Journal of the American Academy of Child and Adolescent Psychiatry. The study found that state legalisation of recreational marijuana increases the likelihood of marijuana use in the past month among youth and young adults. Past-month use is a much clearer indicator of frequent use than “lifetime use” or “past-year use.”  The systematic review titled “Systematic Review and Meta-Analysis: Medical and Recreational Cannabis Legalization and Cannabis Use Among Youth in the United States” found that recreational marijuana legalisation increases the odds of past-month marijuana use by 13% among youth and 22% among young adults.  This is not just one study saying that use goes up after legalisation – this is a systematic review of the published data on this topic.

The Greens will struggle to persuade New Zealanders that we shouldn’t continue to say nope to dope, given the overwhelming evidence of the harms of legalisation.

MIL OSI

Lost tramper’s lucky escape

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Source: New Zealand Police

A tramper lost in dense Northland bush was able to make it home safely thanks to highly skilled and dedicated Search and Rescue teams.

Northland Police Search and Rescue lead, Detective Sergeant Paul Overton, says the tramper, who was on a day walk, had almost reached the summit of Mount Tutamoe before abandoning the effort due to the tough terrain.

“As he was on his way down, he unintentionally wandered off the track and ended up lost.”

The tramper had patchy cell phone reception but was able to place a call through to the Police emergency call centre.

“Once we received that call, Police Search and Rescue teams, assisted by Northland Land Search and Rescue volunteers, deployed to the scene,” Detective Sergeant Overton says.

“Three field teams went in to attempt to locate the lost tramper, with only sporadic details as to his location.”

The teams used a normally locked 4×4 forestry track to position themselves further up the mountain.

“Around 9pm, the teams located the man after making voice contact,” says Detective Sergeant Overton.

“Once he was secured the teams started an extremely slow walk out – due to the rugged terrain this took almost three hours.”

The lost tramper and SAR teams arrived back at the car park around midnight.

“The tramper was injured but exhausted after his ordeal,” Detective Sergeant Overton says.

“Police drove him home to make sure he got there safely.”

Despite the successful outcome, the incident has prompted a warning about the importance of thorough preparation when undertaking activities in isolated or challenging environments, either on land or at sea.

“With summer approaching and longer days people want to get out and about and enjoy Northland’s great outdoors,” says Detective Sergeant Overton.

“People need to make sure they have adequate clothing, navigation tools, and know what the weather forecast is.

“They should also ideally not go alone or tell someone else where they are going, have two forms of communication and carry a GPS.”

Detective Sergeant Overton expressed thanks to the Far North Land Search and Rescue volunteers for their help.

“Police train together with Land Search and Rescue volunteers for these scenarios,” he says.

“The teams know how to work together efficiently, making real-life rescues faster, safer, and more effective.”

ENDS.

Amanda Wieneke/NZ Police

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Road blocked, Ōhaupō Road, Hamilton City

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Source: New Zealand Police

Ōhaupō Road in Hamilton City is blocked following a single-vehicle crash.

Police were called to Braemar Hospital on Ōhaupō Road just after 4.30pm after receiving a report a car has crashed into the fence of the hospital.

One person has serious injuries and emergency services are responding at the scene.

Motorists are asked to avoid the area.

ENDS

Issued by Police Media Centre

MIL OSI

6 Startups Selected for Batch 2 of “Real Madrid Next Accelerator for Asia” by Creww and Real Madrid Next

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Source: Media Outreach

TOKYO, JAPAN – Media OutReach Newswire – 29 October 2025 – Creww Inc. (Japan Office: Shibuya-ku, Tokyo, Representative: Sorato Ijichi, hereinafter “Creww”), Japan’s leading open innovation platform provider, and Real Madrid Next are pleased to announce the selection of 6 startups for the “Real Madrid Next Accelerator for Asia” Batch 2.

About “Real Madrid Next Accelerator for Asia” Batch 2

“Real Madrid Next Accelerator for Asia” Batch 2 was launched in April 2025, aimed to open collaborations between Real Madrid Next and Asian startups.

Creww has partnered with Real Madrid Next to bring innovative technologies and services from Asian startups to develop projects that aim to improve and advance the sports industry.

The program is designed to not only boost the growth of Asian startups, but to also create an innovation community for Real Madrid Next, by carrying out continuous programs for Asian startups to innovate the sports industry as a whole in the decades to come.

Through careful review and evaluation, we have selected 6 startups out of many promising startups.

The selected startups will be brushing up collaboration ideas through mentoring and workshops, followed by PoC and a Demo Day in June/July 2026 (tentative) to share their results.

To concerned parties who are interested in joining the Demo Day to be held in Madrid, Spain, please let us know at [ pjtr@creww.me ].

Selected Startups

With the program theme based on Real Madrid Next’s six areas of work, we have selected startups that align with five of the focused areas.

< E-Health >

< Performance >

< Audiovidual >

< Cybersecurity & Technology >

< Social >

One Smile Tech Inc. https://1smiletech.jp/ (Japan)

Program Overview

Program Name Real Madrid Next Accelerator for Asia
Target early and middle-stage startups in Asia in the field of sports-tech, health-tech, fan engagement, etc. which aligns with Real Madrid Next’s six areas of work
Expected Outcome business partnerships*
Program Website https://global.creww.me/global/en/real-madrid-next-accelerator-for-asia-2
Organizer Real Madrid Next, Creww Inc.

*There is a possibility that Creww will provide equity investments to the selected startups.

About Real Madrid Next
Real Madrid Next is the brand under which Real Madrid’s innovation projects are developed, with the collaboration of startups and companies looking to improve performance with the support of the Real Madrid ecosystem. Real Madrid Next focuses on six work areas: e-health, performance, fan engagement, audiovisual, cybersecurity & technological infrastructures and social. In all of them we seek excellence and the greatest technological advance possible to allow the club to enhance its digital transformation and keep its leadership in the sports industry. Learn more at https://www.realmadridnext.com/en/next/home.

https://creww.in/global/en
https://www.linkedin.com/company/creww-en/
https://x.com/creww_en
https://www.facebook.com/creww.me

Hashtag: #creww #realmadrid #realmadridnext #accelerator #asia #startup #sports #technology #sportstech #healthtech

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

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

Arrow Electronics Supports EMASS in Driving Ultra-Low-Power Edge AI Technology with ECS-DoT SoC

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Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 29 October 2025 – Arrow Electronics and EMASS — a global provider of technology solutions, and an edge-AI-focused-semiconductor developer, respectively — have announced a collaboration to accelerate the deployment of ultra-low-power edge AI solutions across wearables, industrial IoT and smart sensing devices, using EMASS’s ECS-DoT System on Chip (SoC). By leveraging Arrow’s global engineering expertise, product design capabilities, comprehensive supply chain services and integration support, EMASS delivers ready-made, sensor-integrated edge AI solutions that enable technology customers to adopt ultra-low-power AI quickly and efficiently.

Arrow Electronics Supports EMASS in Driving Ultra-Low-Power Edge AI Technology with ECS-DoT SoC

EMASS — a subsidiary of Nanoveu Ltd (ASX: NVU) — is an advanced semiconductor company specializing in ultra-low-power AI SoC solutions for edge computing. EMASS has introduced the ECS-DoT SoC, which enables real-time, always-on, milliwatt-scale intelligence at the edge, reducing reliance on cloud-based computation and enabling faster performance for next-generation on-device AI applications.

“At EMASS, we see a tremendous opportunity to redefine how edge AI empowers devices across industries,” said Mark Goranson, Nanoveu’s CEO of Semiconductor Technologies. “By collaborating with Arrow, we can bring ECS-DoT technology to new markets faster and help developers create innovative, always-on AI applications that were previously impossible at such low power. This partnership positions us to lead the edge AI ecosystem and accelerate the adoption of real-time, on-device intelligence worldwide.”

Arrow and EMASS are working closely to expand the edge AI ecosystem by jointly developing enhanced SDKs, developer tools and reference designs. These initiatives will be co-promoted through Arrow’s technology network and industry programs to help developers bring ultra-low-power AI concepts to market faster. The collaboration also taps into engineering resources at the NTU-Arrow Invent Lab to accelerate innovation. Developers can now prototype edge AI applications faster with Arrow and EMASS’s joint tools and training.

“We are excited to collaborate with EMASS in bringing edge AI to market where it matters most; on-device, in real time and with minimal power,” said Dr. Raphael Salmi, president of Arrow Electronics’ components business for South Asia, Korea and Japan. “With Arrow’s global reach, technical expertise and strong distribution network, combined with EMASS’ deep relationships with OEMs and system integrators, we are uniquely positioned to broaden EMASS’s market reach and capture new opportunities in the AI SoC space.”

Arrow and EMASS will showcase their joint evaluation boards and reference designs at Singapore Week of Innovation and Technology (SWITCH), taking place October 29–31, 2025. These developer tools are built to accelerate development and deployment of ultra-low-power edge AI solutions across a wide range of applications.

Hashtag: #Arrow

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

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

Achieve Spine & Orthopaedic Centre Expands with New Clinic at Mount Alvernia Hospital

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Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 29 October 2025 – Achieve Spine and Orthopaedic Centre (ASOC), a spine specialist clinic in Singapore, has opened its fourth branch at Mount Alvernia Hospital on 14 October 2025. The new clinic is part of the centre’s ongoing efforts to provide patients with access to minimally invasive and endoscopic spine surgery across different private hospital settings.

ASOC’s fourth clinic at Mount Alvernia

Expanding Services to Mount Alvernia
The new clinic at Mount Alvernia Hospital is the latest addition to ASOC’s existing network, which includes locations at Mount Elizabeth Medical Centre, Mount Elizabeth Novena Specialist Centre, and Parkway East Medical Centre.

According to Dr Wu Pang Hung, orthopaedic specialist and founder of Achieve Spine & Orthopaedic Centre, this decision was guided by patient needs. “We opened at Mount Alvernia to serve patients from all walks of life,” he shared. This expansion aims to broaden options for patients by offering a range of ward classes, supporting different insurance providers, and providing added convenience for follow-up care. Mount Alvernia is also recognised as a preferred hospital under Prudential and Great Eastern plans, where ASOC’s doctors are listed as panel providers.

Continued Emphasis on Minimally Invasive Approaches
Services offered at Mount Alvernia mirror those available at ASOC’s existing branches. This includes diagnostic consultations, outpatient management, and surgical options ranging from day surgery to more complex spinal operations. With the support of the hospital’s facilities, the new clinic is equipped to provide both ambulatory care and inpatient services.

ASOC will also continue to apply its guiding principle of “small is beautiful, less is more, motion conservation is key” to the new clinic. “This reflects our focus on minimally invasive and endoscopic spine surgery techniques, which allow us to treat multiple spinal conditions with less disruption to patients’ lives,” said Dr Wu. “This approach can potentially reduce hospital stays and overall associated costs, aligning with our mission to deliver value to our patients.”

Looking Ahead to Further Growth
With the opening of its fourth clinic, ASOC has indicated that further expansion is possible. The centre is exploring opportunities to establish branches in other private hospitals, ensuring that minimally invasive spine surgery options remain accessible within each healthcare ecosystem.

For the latest updates, visit www.achievespine.com.

https://achievespine.com/
https://www.facebook.com/achievespine/
https://www.youtube.com/@panghungwu

Hashtag: #ASOC

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

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

Invitation To MCKL Open Day – Your Degree Pathway Starts with Us

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Source: Media Outreach

Methodist College Kuala Lumpur (MCKL) invites all high school students, leavers and parents to join the much-anticipated Open Day happening on 21–22 November 2025, from 9:00 a.m. to 5:00 p.m., at both the Kuala Lumpur and Penang (Pykett Campus).

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 29 October 2025 – The event is held in conjunction with MCKL’s Scholarship Week, running from 15–30 November 2025 and it is the perfect opportunity to explore your study options, secure exclusive financial aids, and take the next step toward a successful future.

Highlights of the Open Day include:

  • Career Guidance Test – Discover your strengths and career interests to find the right pathway.
  • Personalised Consultation – Meet with MCKL’s academic advisors for one-on-one guidance.
  • Scholarships, Financial Aid & PTPTN Loan – Explore up to 100% merit scholarships and other financial support options.
  • Globally Recognised Programmes – Choose to study at Scottish Qualifications Authority (SQA) approved institutions, opening doors to top universities worldwide.
  • Meet the Lecturers & Campus Tour – Get firsthand experience of MCKL’s vibrant and serene campus life and speak directly with lecturers to learn more about your preferred programme.

You can take this opportunity to register and apply on the spot, receive exclusive counselling and gain valuable insights into MCKL’s diverse range of programmes that includes Pre-University, Diplomas, American Degree Transfer, Professional Development and more as you explore your options and discover a seamless pathway towards your undergraduate studies.

At Methodist College Kuala Lumpur (MCKL), education goes beyond the classroom. With a strong reputation for academic excellence and holistic development, we continue to empower you to become competent, compassionate and globally minded leaders. We also provide pathways to wide range of degree programmes at globally recognised universities worldwide as well as prestigious local universities, thereby allowing students to progress directly into the second year of their chosen degree.

For over four decades, MCKL has remained committed to our mission of nurturing excellence for life. Whether you aspire to pursue your studies locally or abroad, MCKL provides a solid foundation to help you achieve your goals.

Do not miss out! Mark your calendars and experience how MCKL can shape your academic and personal journey.

To Know More, Make Your Appointment Today By:

Calling: KL: 03-2300 0998 | PG: 04-6888 327
Emailing: KL: admission@mckl.edu.my | PG: admission.pg@mckl.edu.my

And for MCKL Overview, please visit –

Website: www.mckl.edu.my.
Social Media – FB, Instagram, YouTube, Linkedin: @methodistcollegekl
Methodist College Kuala Lumpur (MCKL) looks forward to warmly welcoming you to our campus.

https://mckl.edu.my/
https://www.linkedin.com/school/methodist-college-kuala-lumpur/
https://www.facebook.com/share/19qkXtd7P7/?mibextid=wwXIfr
https://www.instagram.com/methodistcollegekl?igsh=MTJzYzFkM203NGlzbg==

Hashtag: #mckl #openday #scholarshipweek #excellenceforlife

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

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