PM Edition: Here are the top 10 business articles on LiveNews.co.nz for August 1, 2026 – Full Text
1. Business Canterbury – Growing New Zealand from the South: A Policy Platform for Election 2026
July 31, 2026
Source: Business Canterbury
For the first time, all eight South Island Chambers of Commerce have come together to launch a shared election policy platform, calling on all political parties to back the South Island as a driver of New Zealand’s next phase of economic growth.
The document, Growing New Zealand from the South: A Policy Platform for Election 2026, sets out a shared vision for unlocking investment, productivity and sustainable growth across the South Island economy, while providing political parties with a clear and actionable blueprint for supporting regional business success.
Representing around 7,000 businesses, the South Island Chambers are setting an ambitious goal – lifting South Island GDP per capita to at least $130,000 by 2035 and positioning the South Island above the national average in living standards and economic performance.
Business Canterbury Chief Executive, Leeann Watson said the manifesto reflects the level of alignment among South Island businesses and regions.
“This is the first time all eight South Island Chambers of Commerce have come together around a single policy platform, and that in itself sends a powerful message.”
“The South Island is already a major contributor to New Zealand’s economy. We produce a third of the country’s exports, attract billions in visitor spending, and are home to innovative businesses competing on the world stage. Growth is already happening here.”
“Our message to political parties is simple, if New Zealand wants stronger productivity, higher incomes and greater resilience, backing South Island growth is one of the smartest investments we can make. Our document sets out the practical steps needed to make that happen.”
The manifesto focuses on six priority areas: workforce and immigration, infrastructure, energy, compliance and local government, investment and capital, and exports and international growth. It calls for common-sense policy changes that unlock investment, improve connectivity, reduce unnecessary compliance, strengthen workforce settings and support businesses to grow.
Watson said the platform was deliberately focused on practical actions rather than politics.
“This isn’t about asking for special treatment. It’s about recognising where opportunities already exist and ensuring the policy settings help businesses realise them.”
“We’ve worked across regions and sectors to identify areas where there is genuine consensus. The result is a constructive, business-led roadmap that any party serious about growing the economy should be able to engage with.”
Southland Business Chamber Chief Executive Sheree Carey said the South Island had a unique opportunity to lead New Zealand’s economic future.
“From food and fibre to advanced manufacturing, energy, tourism and technology, the South Island has many of the ingredients needed to drive New Zealand’s next wave of growth.”
“What businesses need now is confidence that infrastructure, workforce and regulatory settings will support investment and innovation. This platform provides a practical starting point for that conversation.”
Nelson Tasman Chamber of Commerce Chief Executive Ali Boswijk said the strength of the manifesto was the fact it reflected a genuinely shared regional voice.
“The South Island is incredibly diverse, but what we’ve found through this process is that businesses across our regions face many of the same opportunities and challenges.”
“Political parties often tell us they want alignment, clear signals and specific asks from the business community. This document provides that. It is a consensus-based, solutions-focused platform that reflects what businesses on the ground believe is needed to unlock growth.”
Watson said the manifesto was ultimately about ensuring New Zealand’s long-term prosperity.
“The South Island already contributes around $100 billion to the national economy and has enormous potential to do even more. By backing innovation, investment and productivity, we can lift living standards, create opportunities for our communities and help grow the wider New Zealand economy.”
“The opportunity is clear. Now we need the policy settings and investment that allow the South Island to reach its full potential.”
Policy platform: https://mcusercontent.com/bb79559f49d81d2dc4753a1dd/files/1c2cd6d7-3439-db96-fb1a-8a53edd3a78b/South_Island_Election_Manifesto_Final_Version.pdf
About Business Canterbury
Business Canterbury, formerly Canterbury Employers’ Chamber of Commerce, is the second largest Chamber of Commerce in New Zealand and the largest business support organisation in the South Island. It advocates on behalf of its members for an environment more favourable to innovation, productivity and sustainable growth.
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2. Youth Sustainable Development International Summit Launch Ceremony Successfully Held
July 31, 2026
Source: Media Outreach
Bringing Together Leaders from Politics, Business, and Academia to Advance Sustainable Development
HONG KONG SAR – Media OutReach Newswire – 31 July 2026 – The “Youth Sustainable Development International Summit Launch Ceremony,” organised by Mytheast Youth Club, was held on 31 July 2026 in Hong Kong. The event brought together the Consuls-General and representatives of Zimbabwe and Nigeria, several Legislative Council members, the Deputy Head of the Chief Executive’s Policy Unit, and leaders and elites from a wide range of sectors — including politics, property development, aviation, banking, trade and commerce, tourism, finance, innovation and technology, healthcare, law and education. Together, they explored how Hong Kong can effectively implement the United Nations Sustainable Development Goals (SDGs) and showcased the achievements of Hong Kong youth in international affairs.
UN Programme Nurtures Young Talent for National Development
In his welcoming speech, Mr. Lam Chi Wing, Hong Kong Deputy to the National People’s Congress and Chairman of Mytheast Youth Club, highlighted that Mytheast Youth Club has long been dedicated to youth development. With the support of the Hong Kong SAR Government, Mytheast Youth Club has organised numerous youth programmes and partnered with the United Nations Institute for Training and Research (UNITAR) and GBAMUN to deliver the United Nations Youth Development Programme (UNYDP), which provides young people with immersive training at the UN European Headquarters in Geneva, equipping them with international perspectives and diplomatic skills. The Launch Ceremony serves as a follow-up initiative to the UNYDP, enabling participants to transform their UN learning into tangible contributions to society and to offer policy recommendations for the development of Hong Kong and the nation. He reaffirmed that Mytheast Youth Club will continue to support youth development and contribute Chinese wisdom and solutions to global sustainable development.
International Perspective I: Zimbabwe’s Experience in Sustainable Development
H.E. Mr. Ellias Mutamba, Consul General of Zimbabwe in Hong Kong, shared his country’s valuable experiences in sustainable agriculture and community-based natural resource management. He noted that Zimbabwe faces challenges including land degradation, climate change, and recurring droughts. Through initiatives such as the “Pfumvudza/Intwasa” climate-smart agriculture programme, the promotion of drought-tolerant traditional grains, improved water management, and integrated farming systems, Zimbabwe has successfully enhanced agricultural productivity and ensured food security. He emphasised that sustainability is not a cost but an investment — it creates jobs, ensures food security, attracts responsible investment, and protects the ecosystems we all depend on. He welcomed Hong Kong enterprises to explore partnerships with Zimbabwe in climate-smart agriculture, food processing, renewable energy, and eco-tourism.
International Perspective II: Nigeria’s Sustainable Development Practices
Mrs. Millicent U. Onuoha, Consul (Head of Chancery / Education) of the Consulate General of Nigeria in Hong Kong, delivered a speech on behalf of the Consul General, sharing Nigeria’s practical experiences in advancing sustainable development. She noted that Nigeria, with its vast natural resources and diverse ecosystems, has long recognised the urgency of balancing development with environmental stewardship. In sustainable agriculture, Nigeria has invested in climate-smart farming practices, promoting drought-resistant crops, efficient irrigation systems, and agroforestry initiatives that not only secure food supplies but also restore degraded lands and strengthen resilience against climate shocks. In renewable energy, Nigeria has embarked on ambitious projects to expand solar and wind power, particularly in underserved regions. Its “Solar Power Naija” initiative aims to deliver clean electricity to millions of households, reducing reliance on fossil fuels while creating green jobs for youth. She emphasised that sustainable development is not a distant aspiration, but a practical pathway to prosperity, and encouraged Hong Kong youth to embrace innovation and collaboration in building a sustainable, inclusive, and just future.
Youth Participants Share: From UN Learning to Local Action
Mr. Mac Mai, Academic Director of GBAMUN, recalled his experience of participating in his first Model United Nations conference at the age of twelve, noting that this formative experience inspired his lifelong dedication to youth international education. He also introduced UNYDP, a strategic initiative jointly launched by GBAMUN and UNITAR. The UNYDP is one of the few youth training programmes worldwide that grants young people direct access to core United Nations resources. He remarked, “If visiting global institutions opens the door to the world of multilateralism, our expert training gives young people the keys to walk through it with confidence.” He emphasised that through the UNYDP, GBAMUN hopes to light the path for young to step onto the international stage and cooperate with global partners to jointly build a more peaceful and inclusive world.
Several UNYDP participants from diverse professional backgrounds shared their learning outcomes and future action plans at the event.
Delegate Chu Wai Lun detailed how he integrates his United Nations training into Hong Kong True Light College, an institution long dedicated to forward-looking holistic education that expands students’ global horizons and instils social responsibility. As the Biology Panel Head of the school, he leads initiatives centered on experiential learning, the conservation of endangered Chinese species, and citizen science programs—translating abstract global conservation challenges into concrete action that elevates traditional science education. “Education is not merely about imparting knowledge,” He emphasized. “It is about cultivating empathy, evidence-based thinking, and the agency to change the world.” By grounding grand global visions into everyday student actions, he aims to equip the next generation with the awareness and capability to safeguard our planet.
Ms. Pang Hing Man Mecissa has long been working on the frontlines of youth mental health services, having encountered many young people who have suffered from hidden bullying or sexual violence. She hopes that society can build a consensus and that people from all walks of life can become attentive companions, bringing the UN’s inclusive values back to Hong Kong and illuminating every forgotten corner with empathy and kindness.
Mr. Ng Siu Yuen shared his profound understanding of the interconnectedness of the SDGs. He drew on the “Imacocollabo” simulation game at the UN and Geneva’s experience in low-carbon living and waste sorting to call for stronger public education and social consensus in Hong Kong to drive sustainable development.
Ms. Yau Ho Laam summarised the UNYDP in Geneva. Her team presented the “H.E.A.L.” initiative — which stands for Healing, Education, Arts, and Livelihood — aimed at supporting female refugees and victims of domestic violence through online courses, art therapy, and craft creation.
Ms. Wan Man Yan, Silver and Ms. Xiao Ting shared their visions on animal conservation and youth development, respectively. Ms. Wan called for education to change societal values towards life at the source, promoting a society of human-animal coexistence. Ms. Xiao, meanwhile, emphasised the importance of youth development and the need to empower young people to influence their peers in driving mental health awareness and social participation.
Looking Ahead: Building Bridges for International Cooperation
The Launch Ceremony marks the official commencement of a series of youth sustainable development forums. Future forums will bring together representatives from enterprises, organisations, and young people across different regions and industries to share their efforts and contributions to sustainable development. The event has fully demonstrated the pathway for Hong Kong youth to actively participate in international affairs as Chinese citizens.
Mytheast Youth Club reaffirmed its commitment to deepening exchanges and collaboration with UNITAR and other partners to promote global sustainable development and youth empowerment, ensuring that the voice of Hong Kong youth is heard on the international stage.
Hashtag: #MytheastYouthClub
The issuer is solely responsible for the content of this announcement.
– Published and distributed with permission of Media-Outreach.com.
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3. Retirement Commission – New data reveals positive impact of emergency funds
July 31, 2026
Source: Te Ara Ahunga Ora Retirement Commission
New research from Te Ara Ahunga Ora Retirement Commission reveals 55% of New Zealanders who have set up an emergency fund in the last three months can easily find money to cover an unexpected expense.
However, only 22% of New Zealanders who feel unlikely to set up an emergency fund can do the same.
The new research has been released as the Retirement Commission’s annual Sorted Money Month campaign kicks off on 1 August.
The theme for Money Month this year is emergency savings and coincides with the release of the new, free Sorted Buffer builder
app, which helps New Zealanders automatically grow a cash cushion to cope with unexpected costs.
The new research from the Retirement Commission’s Financial Sentiment Tracker reveals the positive difference keeping emergency savings can make.
Retirement Commissioner David Boyle says having an emergency fund helps build financial resilience and creates a safety net to help absorb life’s unexpected expenses.
“Having an emergency fund reduces financial stress and helps you handle unexpected life events. Knowing you have money set aside specifically for unexpected expenses brings a sense of confidence and control.”
He says an emergency fund can help people avoid crisis borrowing and expensive debt when things go wrong, especially in the current challenging economic conditions.
“It also prevents people having to touch their KiwiSaver or withdraw from their long-term investments, so financial resilience ends up helping their future self to enjoy a better retirement outcome when they stop work.”
The new research found that in the year to June 2026, 62% of Kiwis have an emergency fund (compared to 58% the previous year).
“Whether it’s losing your job, needing a new car tyre or having to buy a new washing machine, an emergency fund provides peace of mind knowing you have money set aside to deal with life’s curveballs,” David says.
“Financial resilience is not about being wealthy, it’s about being prepared and it also reduces your financial stress which positively impacts your greater wellbeing.”
The new research also found that just having an emergency fund set up was associated with more positive financial sentiment.
It found that 59% of New Zealanders with a growing or sufficiently sized emergency fund feel very optimistic and confident about their future.
And 54% of New Zealanders who have set up an emergency fund within the last three months feel the same.
However, only 25% of New Zealanders who feel unlikely to set one up feel very optimistic or confident about their future.
This shows that people who have recently set up an emergency fund feel quite similarly to those who have an established emergency fund, so just setting one up is a great first step to make them feel more positive about their financial future.
The Sorted Buffer builder app was developed by Christians Against Poverty NZ (CAP) in partnership with the Retirement Commission, with some funding from Simplicity Foundation. The app connects to a user’s bank through Akahu, New Zealand’s open banking service.
CAP CEO Sam Garaway says an emergency fund helps people weather life’s storms and prevents them from tipping into financial hardship.
“We all know how challenging forming a habit can be. The Buffer builder app takes the friction out of saving by combining secure open banking technology with insights from CAP and Sorted to make savings automatic and easy.”
Sam says the number of people receiving CAP Debt Help is at a seven-year high.
“We’re hearing just how tough things are right now. With rising living costs and existing debt, it only takes a fall in income or a costly life event to send them into chaos,” Sam says.
Sorted Personal Finance Lead Tom Hartmann says even a modest emergency fund can provide breathing room.
“That’s why this Money Month we’re introducing Sorted’s Buffer builder app, so that people can more easily grow their emergency savings by paying themselves first, rounding up their spending, and topping up when they can. The app uses open banking data and AI to adapt to spending patterns and sets targets that make sense, wherever someone is at on their emergency savings journey.”
Simplicity Head of Education Jennie O’Donovan says Simplicity supported the creation of the Buffer builder app as it’s alarming to see how many New Zealanders struggle with an unexpected financial event.
“One of the big takeaways with the app is that your emergency fund doesn’t need to be built overnight. We know that having a clear goal and seeing progress makes saving feel much more achievable which ultimately buys you time and choices when the unexpected happens. We want that for all New Zealanders, which is why the Simplicity Foundation has supported this project.”
The financial sector and local grassroots communities are supporting Money Month with events and programmes across the country. These events can be found on the Sorted event calendar, allowing people to find out what is happening locally and get involved.
Notes to Editors
This research comes from the Retirement Commission’s Financial Sentiment Tracker, which surveyed approximately 4,000 New Zealanders aged 18+ across the year to June 2026.
About Te Ara Ahunga Ora Retirement Commission
Te Ara Ahunga Ora Retirement Commission aims to help New Zealanders to retire with confidence. Retiring with confidence means New Zealanders feel secure they’ll have resources to live and the know-how to make ends meet. We focus on three areas: Retirement Income Policies, Retirement Villages and Financial Capability. Te Ara Ahunga Ora runs Sorted, Sorted at Work, Sorted in Communities and Te whai hua – kia ora, Sorted in Schools and is responsible for the National Strategy for Financial Capability.
About Sorted
Sorted is a free service run by Te Ara Ahunga Ora Retirement Commission, the government-funded, independent agency dedicated to helping New Zealanders get ahead financially. As New Zealand’s trusted personal finance site, Sorted has the information needed to tackle debt, plan and budget, save and invest, optimise KiwiSaver, plan for retirement, protect wealth, and manage a mortgage. Providing tools, guides and blogs, Sorted serves 1.5 million Kiwi each year.
About Christians Against Poverty NZ (CAP)
CAP is a charity that offers free, confidential Debt Help and Financial Mentoring services for whānau in unmanageable debt. CAP Debt Help operates in 40+ locations across the motu, in partnership with local churches. Since launching in Aotearoa in 2007, over 4,700 households have been supported from money chaos to thriving. And 20,000+ New Zealanders have taken a free CAP Money course helping them to spend, budget and save well.
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4. Businesses can now apply to transition from gas
July 31, 2026
Source: New Zealand Government
The Gas Transition Loan Guarantee Scheme is now open for businesses making the investment to reduce their reliance on gas, Finance Minister Nicola Willis, Energy Minister Simeon Brown and Associate Energy Minister Shane Jones say.
“Businesses across New Zealand are facing higher gas prices and greater uncertainty about future supply. The Government is supporting businesses to lower energy cost and stay competitive and by switching from gas to other energy sources and improving energy efficiency,” Nicola Willis says.
“From today, businesses seeking new financing for gas transition projects can express their interest with participating banks – ANZ, ASB, BNZ, Kiwibank and Westpac – who will work with them to assess applications under the Scheme.
“Under the Gas Transition Loan Guarantee Scheme, the Crown will guarantee 80 per cent of the default risk for eligible loans. This frees up banks to pass on reduced interest rates to businesses and provide better lending terms.
“The Scheme is expected to unlock up to $1.2 billion of lending to help businesses eliminate or reduce reliance on gas while strengthening New Zealand’s long-term economic resilience.”
Shane Jones says the scheme will help ensure regional industries remain productive, competitive and resilient as they adapt to changing energy markets.
“Many of our regional economies are built on energy-intensive industries such as food processing, wood processing, manufacturing and horticulture. These businesses create jobs, support local communities and generate export earnings, so it is important they have practical options to manage higher gas costs and maintain their competitiveness,” says Mr Jones.
“Alongside the Government’s work to encourage new gas investment and improve security of supply, this scheme gives businesses greater flexibility to invest in the technologies and energy sources that best suit their operations. This scheme is about backing New Zealand industry and ensuring our regional economies remain strong, productive and prosperous well into the future.”
“Mr Brown says the scheme is about protecting New Zealanders’ jobs.
“Since the last government banned oil and gas exploration, there has been a significant reduction in natural gas supplies – they fell 23 per cent in the last year alone. This leaves businesses finding it increasingly difficult to secure long-term affordable gas contracts.
“New Zealand wants to export our goods, not our jobs and this loan scheme is a practical way to help businesses meet the cost of reducing their reliance on gas.
“Today also sees the launch of a suite of Energy Efficiency and Conservation Authority-led support for businesses,” Mr Brown says.
“The support is independent and designed to help businesses understand their energy options and identify a practical pathway, to give confidence before making significant investment decisions.
“Businesses have different energy needs, technical capabilities and levels of information available. Some may need help understanding where their gas is being used and identifying immediate improvements. Others may already have a potential project and need more detailed technical options or fuel feasibility analysis.
“I encourage gas using businesses to explore EECA’s tools and support, register interest in a regional workshop, or speak with a participating bank about the best next step.”
Further information on the Gas Transition Loan Guarantee Scheme, including eligibility criteria, is available on the Treasury website.
Further information on support services is available on EECA’s website.
Original source: https://nz.mil-osi.com/2026/07/31/businesses-can-now-apply-to-transition-from-gas/
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5. BusinessNZ – New model highlights $1.3 trillion energy bill to 2050
July 31, 2026
Source: BusinessNZ
Meeting New Zealand’s energy needs to 2050 will cost approximately $1.3 trillion, according to the country’s latest and most comprehensive whole-of-energy-system model to date.
BusinessNZ Energy Council (BEC) Policy Advisor Ben Young says meeting New Zealand’s future energy demand will require stable, predictable and permissive policy settings that give businesses the confidence to make generational investment decisions.
“Whether we plan for it or not, new modelling indicates we will spend around $1.3 trillion meeting future energy demand as we power our homes, transport and the economy. The question is whether we can make informed decisions now to deliver a more secure, affordable and sustainable energy system for decades to come.”
TIMES-NZ 3.0, the latest energy model developed by BEC and the Energy Efficiency and Conservation Authority (EECA), provides the most comprehensive picture yet of how New Zealand’s energy future could unfold.
Young says the model gives greater insight and clarity for business and government in decision making.
“The model considers the country’s entire energy system – from fuel supply and electricity generation through to energy use in homes, transport, industry and agriculture – and identifies the lowest-cost way of meeting future energy demand under different assumptions.”
Following extensive consultation, TIMES-NZ 3.0 tests four critical uncertainties: the future structure of the economy, the pace of global technology development, climate policy and consumer behaviour, and the ongoing role of gas.
These uncertainties underpin two contrasting but plausible scenarios put forward as part of TIMES-NZ 3.0; Steady and Shift. Instead of forecasts or prescribed pathways, they test decisions against futures that could require very different technologies, fuels, and infrastructure.
The “Steady” scenario represents a future with less structural change. Primary exports and conventional manufacturing remain central to the economy, clean technology costs fall more gradually, private vehicle travel continues to grow and imported LNG is available as domestic gas supply declines.
The “Shift” scenario explores a more electrified and structurally different economy. One where New Zealand becomes less reliant on traditional primary exports, clean technology costs fall faster, advanced manufacturing and data centres grow, and consumers and businesses invest more readily in energy efficiency.
The Steady scenario isn’t static, but the economy and the energy sector change less in this possible future. In the Shift scenario, the drivers of change across a range of inputs are stronger, resulting in greater and more rapid change in the energy sector.
BusinessNZ Director of Advocacy Catherine Beard says by testing distinct future pathways, TIMES-NZ gives government, businesses and investors a stronger basis for making decisions today while reserving options for tomorrow.
“The different scenarios highlight how decisions made in one part of the energy system can create costs and consequences elsewhere. TIMES-NZ 3.0 does not try to predict or prescribe a single pathway. It helps us understand how economic, technological and policy choices interact across the entire energy system.
“Thanks to all BEC members, EECA and government departments, stakeholders and advisors whose time and expertise have helped create this essential tool for New Zealand’s future.”
The updated TIMES-NZ model incorporates extensive input from industry, government and technical experts. The model and Insights Report are publicly available now.
The BusinessNZ Network including BusinessNZ, EMA, Business Central and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.
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6. WRISE Group Unveils WRISE AI Labs and Appoints Dr. Jeffrey Wu as Group Chief Scientist to Accelerate AI-Native Wealth Management
July 30, 2026
Source: Media Outreach
WRISE’s initial HKD30 million investment accelerates WRISE AI Labs while the appointment of Dr. Jeffrey Wu as Group Chief Scientist and a strategic collaboration with Panorama reinforces the Group’s long-term AI-native wealth management strategy
These efforts represent an important step in WRISE’s long-term artificial intelligence (“AI”) strategy and reflect the Group’s commitment to transforming wealth management through strategic and technical leadership, technology innovation and deep industry expertise.
Launching WRISE AI Vision: Human-Led. AI-Scaled. Future-Ready
Across the industry, firms are accelerating AI investments to improve productivity, deliver more personalised client experiences and unlock new growth opportunities.
83% of family offices globally have already identified AI as a top strategic focus within the next five years[1], and 74% are expecting to increase their AI investments over the next three years[2]. Performance improvement and operational efficiencies continue to encourage firms to embed AI into aspects of client management and operations[3].
Under the guiding vision of “Human-Led. AI-Scaled. Future-Ready.”, WRISE AI Labs is a strategic innovation platform to explore and advance practical AI applications for WRISE Group. The initiative will focus on areas including AI-powered client servicing experience, intelligent automation, relationship manager empowerment, advanced analytics, digital intelligence platforms and next-generation client engagement.
Unlike many AI initiatives that focus primarily on technology deployment, WRISE AI Labs adopts a platform-based approach, developing AI capabilities that can be deployed across multiple business functions. Each initiative will be guided by clear objectives and measurable outcomes to ensure AI delivers meaningful business value.
Strategic and Technical Leadership to Drive AI-Native Wealth Management
The appointment of Dr. Wu as Group Chief Scientist is central to this strategy. Dr. Wu will work closely with WRISE’s leadership team to shape the Group’s AI roadmap and provide strategic and technical leadership for the WRISE AI Labs initiative.
WRISE has partnered with Dr. Wu and Guangzhou Panorama Intelligent Technology Investment Co., Ltd. (‘Panorama’), a state-backed investment vehicle aligned with Guangzhou’s technology strategy. This collaboration aims to combine its wealth management expertise with advanced AI capabilities. It reflects the Group’s belief that the future of wealth management will be shaped by the combination of business and technical leadership.
As part of the partnership, WRISE will commit an initial investment of HKD30 million to accelerate the development of WRISE AI Labs and early-stage AI applications across the WRISE Group. The investment reflects the Group’s long-term commitment to building practical, scalable and AI-native capabilities that create measurable business value.
The announcement follows WRISE’s recent recognition of the AI-Ready Enterprise Initiative: Transformation Enterprise Award at the SGTech Industry Gala 2026, further reinforcing the Group’s progress in building an AI-ready organisation.
Derrick Tan, Group Executive Chairman of WRISE Group, said: “AI is set to fundamentally reshape the financial industry — not by replacing human relationships, but by making them more intelligent, responsive and scalable. The launch of the WRISE AI Labs initiative and the appointment of Dr. Jeffrey Wu as Group Chief Scientist mark an important milestone in our journey to build a human-led, AI-scaled and future-ready wealth management platform.
Dr. Wu brings deep scientific expertise, entrepreneurial experience and a global technology vision. Together with Panorama and the WRISE leadership team, he will help us translate AI innovation into practical business outcomes — empowering relationship managers, enhancing client engagement and strengthening our long-term growth capabilities.”
Building an AI Innovation Platform for Real Wealth Management Needs
WRISE AI Labs will serve as a bridge between scientific innovation and business applications, developing AI capabilities that enhance productivity, decision-making and client experience across the Group.
Dr. Jeffrey Wu, Group Chief Scientist of WRISE Group, said: “The future of enterprises will be AI-native, with intelligence embedded into decision-making, operations and client engagement. Wealth management is fundamentally relationship-driven, making it an ideal environment for responsible AI to enhance advisor capabilities rather than replace them.
I am excited to join WRISE Group and work with its leadership team to advance the WRISE AI Labs initiative. Our goal is to combine scientific thinking, AI capabilities and real wealth management scenarios to develop practical solutions that improve efficiency, support better decisions and create sustainable value for clients and stakeholders.”
Dr. Wu is a leading AI strategist, cross-disciplinary technology entrepreneur and innovation leader with extensive experience in enterprise AI transformation, digital transformation, data intelligence and emerging technologies. He is Chairman of XALL Technology Investment Group. He also serves as Founder & CEO of Guangzhou Panorama Intelligent Technology Investment Co., Ltd. (“Panorama”). In addition, he is Co-Founder and Chief Scientist of Zhongke Shiyun and a Distinguished Research Fellow at the Suzhou Institute of Advanced Technology, Chinese Academy of Sciences. With extensive experience across Australia and China, Dr. Wu previously served as APAC Technical Director for IBM Watson Analytics in Australia, where he led enterprise AI and data intelligence initiatives across the region. He holds a PhD in Computer Science from the University of New South Wales, Australia.
Looking ahead, WRISE intends to leverage selected AI capabilities developed through WRISE AI Labs to support new business opportunities, strategic partnerships and future digital growth initiatives.
Disclaimer
This press release is for general information only and does not constitute an offer, invitation, solicitation or recommendation of any financial products or services in any jurisdiction. Products and services (if any) are provided only by appropriately licensed WRISE group entities in the relevant jurisdiction and are subject to applicable laws and regulations.
Hashtag: #WRISEGroup
The issuer is solely responsible for the content of this announcement.
– Published and distributed with permission of Media-Outreach.com.
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7. American Rare Earths Advances Nasdaq Listing Strategy
July 31, 2026
Source: GlobeNewswire (MIL-NZ-AU)
Board committed to a NASDAQ listing and is evaluating pathways, including a NASDAQ compliance listing, in parallel with PCAOB audit work led by BDO, conversion of Halleck Creek resources to SEC S-K 1300, and the engagement of a leading North American financial advisor.
HIGHLIGHTS
- American Rare Earths is committed to a NASDAQ listing and is examining pathways to achieve it including a compliance listing as well as other transaction structures
- The Company is working with a leading North American financial advisor on listing options and transaction structuring
- PCAOB audit process is progressing under BDO, previously appointed to lead the Company’s PCAOB audit workstream
- Halleck Creek resources are being converted to SEC S-K 1300 reporting standards to support U.S. disclosure requirements
- Strategy remains aligned with the scale and strategic importance of the Halleck Creek Rare Earths Project as a future domestic source of rare earths for defense, energy and advanced manufacturing supply chains
- Recently signed Executive Order 14415 “Securing America’s Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials” restricts waivers of the 10 U.S.C. § 4872 covered-materials prohibition from January 1, 2027, requires prime defense contractors to qualify domestic alternative sources, and expressly protects acquisitions from U.S. Government–supported critical minerals projects; materially strengthening the demand backdrop for Halleck Creek and reinforcing the strategic rationale for a U.S. listing
DENVER, July 30, 2026 (GLOBE NEWSWIRE) — – American Rare Earths Limited – (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or “the Company”) is pleased to provide an update on the advancement of its NASDAQ listing strategy. The Board has reaffirmed its commitment to listing on NASDAQ and, together with its advisors, is examining all viable pathways to achieve that objective on terms that best serve shareholders.
COMMITMENT TO A NASDAQ LISTING
The Board of American Rare Earths is committed to a NASDAQ listing and is evaluating a range of pathways to achieve it. Consistent with previous disclosure, a NASDAQ compliance listing remains one option under consideration. The Company is examining that pathway alongside other structures that may be available to a U.S.-focused rare earths developer, with the objective of selecting the route that delivers the strongest access to U.S. institutional and retail capital, the most efficient execution timetable, and the greatest long-term flexibility for the Company and its shareholders.
The Company has retained a leading North American financial advisor to support the Board and management in assessing potential U.S. listing transaction structures, market timing, and investor-positioning considerations across each of the pathways under review.
PATHWAYS UNDER REVIEW
The Board and management are working with the Company’s advisors to assess pathways to a NASDAQ listing, including but not limited to:
- a NASDAQ compliance listing, as previously announced1;
- a U.S. initial public offering and concurrent NASDAQ listing;
- alternative U.S. listing structures available to a company with U.S.-based critical minerals assets.
No decision has been made on the specific pathway, and there is no assurance that any particular transaction will proceed. The Company will update the market as and when material decisions are made.
PCAOB AUDIT WORKSTREAM
The Company continues to progress its Public Company Accounting Oversight Board (PCAOB) audit workstream, a prerequisite for a U.S. listing on NASDAQ. As previously announced, BDO Audit Pty Ltd (BDO) has been appointed to lead the PCAOB audit process. Work under BDO’s direction is advancing in parallel with the pathway assessment described above so that the Company is positioned to move promptly once a preferred structure has been selected.
CONVERSION OF RESOURCES TO SEC S-K 1300
In support of a NASDAQ listing, American Rare Earths is converting its Halleck Creek mineral resource and reserve reporting to the U.S. Securities and Exchange Commission’s Regulation S-K subpart 1300 (S-K 1300) standard. S-K 1300 is the mineral property disclosure framework required for SEC registrants and is the U.S. counterpart to the JORC Code used for ARR’s existing ASX disclosures. Preparing S-K 1300 compliant technical reporting for Halleck Creek gives U.S. investors, analysts and regulators a disclosure package prepared to the standards they expect and supports the Company’s readiness for a NASDAQ listing under any of the pathways under review.
EXECUTIVE ORDER 14415: A STRATEGIC TAILWIND FOR HALLECK CREEK
On July 20, 2026, the President signed Executive Order 14415, “Securing America’s Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials”, published in the Federal Register on July 23, 2026. The Order directs the Secretary of War and the military departments to cease issuing waivers of the 10 U.S.C. § 4872 covered-materials prohibition from January 1, 2027, except under a formal, accepted mitigation plan supported by exhaustive evidence that compliant material was unavailable. Section 4 of the Order further directs defense prime contractors and subcontractors to qualify and utilize alternative domestic sources for material or components currently supplied by unreliable foreign suppliers, with failure to do so providing grounds for the Secretary to suspend or terminate contracts.
The Company believes Executive Order 14415 is highly significant for American Rare Earths and Halleck Creek, for four reasons:
- Closes the waiver loophole. Section 232 of the National Defense Authorization Act for Fiscal Year 2019, codified at 10 U.S.C. § 4872, has long restricted defense acquisition of rare earth magnets, samarium-cobalt and neodymium–iron–boron magnets, and specialty metals sourced from covered nations (China, Russia, Iran and North Korea), but broad waiver practice has allowed continued reliance on non-compliant supply. EO 14415 restricts that waiver authority and forces prime defense contractors to move to compliant, domestic sources.
- Creates enforceable demand for U.S.-mined and U.S.-processed rare earths. Halleck Creek is being developed as an integrated U.S. mine-to-oxide platform in Wyoming, positioned to supply exactly the domestic, allied-friendly material the Order requires prime defense contractors to qualify. Section 4’s domestic-source qualification requirement, backed by contract-termination remedies, converts long-standing policy preference into an enforceable procurement obligation.
- Recognizes U.S. Government–supported projects as a preferred pathway. Section 6 of the Order expressly protects the U.S. Strategic Critical Minerals Reserve (“Project Vault”) and acquisitions from projects receiving support from the Departments of State, War, Commerce or Energy, and from the Export-Import Bank of the United States and the U.S. International Development Finance Corporation. This creates a clear line of sight for Halleck Creek to participate in the defense-linked supply chain as it advances its U.S. Government engagement, Wyoming State support and permitting workstreams.
- Reinforces the strategic case for a NASDAQ listing. The Order sharpens the profile of U.S.-listed critical minerals developers with a qualifiable domestic supply. A NASDAQ listing positions American Rare Earths alongside the U.S. peer group most likely to benefit from EO 14415, and improves the Company’s ability to be assessed, followed and owned by the U.S. institutional investor base focused on the defense industrial base and critical minerals security of supply.
The Company will continue to engage with U.S. Government stakeholders on the implementation of Executive Order 14415, including the supply-chain mapping regulations required under Section 3 and the domestic-source qualification strategy required under Section 4, both of which are expected to be developed over the next 90 to 180 days.
WHY THE STRATEGY MATTERS
The Halleck Creek Rare Earths Project is a U.S.-based, U.S.-strategic asset. Listing on NASDAQ is intended to align the Company’s primary trading venue with the market in which its flagship asset is located and where the deepest pool of relevant long-term capital for U.S. critical minerals developers resides. A NASDAQ listing is also expected to broaden access for U.S. institutional investors, index funds and sector analysts, and to support the Company’s ongoing engagement with U.S. government stakeholders in defense, energy and advanced manufacturing supply chains; a channel made materially more consequential by Executive Order 14415.
“NASDAQ is the right home for American Rare Earths. Our flagship Halleck Creek project is a U.S. asset of strategic national significance, and our listing platform should reflect that. The Company is committed to a NASDAQ listing and, with a leading North American financial advisor, we are actively examining all viable pathways to identify the structure that best serves shareholders. In parallel, BDO is leading our PCAOB audit workstream and we are advancing the conversion of our Halleck Creek resources to SEC S-K 1300 so that we are ready to move promptly once a pathway is selected. The recent signing of Executive Order 14415 sharpens the strategic case for that work: by restricting waivers of the 10 U.S.C. § 4872 covered-materials prohibition and requiring prime defense contractors to qualify domestic sources, the Order reinforces the demand outlook for U.S.-based rare earths projects like Halleck Creek and the value of being listed and followed in the U.S. market.”
– Mark Wall, Chief Executive Officer, American Rare Earths
The Company remains focused on advancing Halleck Creek through feasibility studies, permitting and development activities, recognizing that project execution remains fundamental to long-term shareholder value creation.
This announcement has been authorized for release by the Board of American Rare Earths Limited.
ABOUT THE HALLECK CREEK RARE EARTHS PROJECT
The Halleck Creek Rare Earths Project, located in Wyoming, hosts the largest known rare earth deposit in the United States on a total rare earth oxide (TREO) basis2. The Cowboy State Mine area within Halleck Creek offers cost-efficient open-pit mining methods on Wyoming State land, benefiting from a mature permitting framework in Wyoming. The project is currently progressing feasibility-stage drilling alongside a Whole of Property Development Assessment awarded to a leading U.S. engineering firm.
Halleck Creek is strategically positioned to reduce U.S. reliance on rare earth imports, predominantly from China, while meeting growing domestic demand from defense, advanced manufacturing, electric vehicles, wind energy, and semiconductor industries. The project includes plans for onsite mineral processing and separation facilities, and the Company is engaged with U.S. Government-supported R&D programs to develop innovative extraction and processing technologies.
ABOUT AMERICAN RARE EARTHS LIMITED
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) is a critical minerals company at the forefront of reshaping the U.S. rare earths industry. Through its wholly owned subsidiary, Wyoming Rare (USA) Inc. (WRI), the Company is advancing the Halleck Creek Project in Wyoming, a world-class rare earth deposit with the potential to secure America’s critical mineral independence for generations.
American Rare Earths is committed to environmentally responsible mining practices and continues to collaborate with U.S. Government-supported R&D programs to develop innovative extraction and processing technologies for rare earth elements. The Company is progressing toward a NASDAQ listing in 2026. Further information is available at www.americanree.com.
INVESTOR CONTACT
FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the Company’s intention to list on NASDAQ; the pathways under review to achieve that listing, including a NASDAQ compliance listing, a U.S. initial public offering and other structures; the Company’s engagement of an advisor on listing options; the PCAOB audit workstream led by BDO; the conversion of Halleck Creek mineral resource and reserve reporting to SEC Regulation S-K subpart 1300; and the advancement of the Halleck Creek Rare Earths Project through PFS, feasibility studies, permitting and toward construction. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied, including without limitation: the Board’s ultimate selection among the pathways under review; failure to complete a NASDAQ listing on the timelines described or at all; changes in market conditions or investor demand; delays or adverse findings in the PCAOB audit process; delays or changes in the S-K 1300 technical reporting process; the scope, timing, interpretation and implementation of Executive Order 14415 and its implementing regulations, including the availability of domestic-source qualification pathways for the Company’s products and the treatment of U.S. Government–supported projects; delays in permitting or regulatory approvals; changes in commodity prices; capital cost variances; changes in technology or processing pathways; and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company assumes no obligation to update forward-looking statements except as required by applicable law.
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1 ASX Announcement dated May 13, 2026
2 Refer ASX announcement dated February 4, 2025
– Published by The MIL Network
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8. Contract signed for Scott Base redevelopment
July 30, 2026
Source: Antarctica New Zealand
30 July 2026
The Scott Base redevelopment has entered its delivery phase following the signing of the main construction contract with Wellington-headquartered construction firm LT McGuinness.
The milestone follows a comprehensive reset of the programme after the previous redevelopment proposal was paused because it could not be delivered within the Government’s approved funding.
Cabinet approved the reset redevelopment programme Detailed Business Case in May 2026 and the Minister of Foreign Affairs and Minister of Finance authorised the project to proceed into delivery earlier in July.
Antarctica New Zealand chair Leon Grice said today’s announcement represented far more than the execution of a construction contract.
“Our continuous presence and scientific programme in Antarctica are fundamental to New Zealand’s interests. Approval to Deliver and the construction contract marks the successful completion of the reset of a major public infrastructure project. And it begins the next generation in the Scott Base legacy.”
The Scott Base redevelopment will deliver a modern, fit-for-purpose Antarctic research station, including new accommodation and communal facilities, upgraded science and operational spaces, and critical infrastructure improvements.
Capacity will increase from the current 5,000m2 to approx. 6,500m2, including a new Base Services Building (over 3,000m2); refurbishment of the Hillary Field Centre (an additional 400m2); replacement of ageing infrastructure (water, wastewater and power); with an enclosed elevated link connecting new and existing facilities.
The redevelopment also includes a major wind farm upgrade and battery storage system, significantly increasing renewable energy generation, resilience and grid stability for both Scott Base and neighbouring McMurdo Station.
Mr Grice said the Board deliberately chose to pause the previous redevelopment when it became clear it could not be delivered within the approved budget.
“We took difficult decisions to pause the project, commission an independent review and fundamentally rethink the redevelopment. Those decisions have delivered a project that is affordable, deliverable and still achieves the objectives Government originally set for the redevelopment.
“We haven’t compromised the original scope of requirements or functionality to get this project back under budget. The capacity and size of the new Base remain consistent with what was originally proposed.
“We have confidence we can deliver this programme because we have significant contingency allowances and we have done extensive quantity surveying work at every step and we have a close working partnership with LT McGuinness. We have not assumed that everything will go perfectly.
“Antarctica is one of the world’s most challenging construction environments. Weather, shipping, logistics and operating in a remote polar environment inevitably create uncertainty. Our programme accepts this reality, and we have prudential and tested project governance, and we have confidence the project can absorb unforeseen events without compromising our ability to deliver.
“Scientists, operational staff and support personnel will receive the modern facilities they need to live and work safely and effectively in Antarctica. What has changed is the way those facilities have been designed and how they will now be delivered.”
Mr Grice said one of the most enduring outcomes from the redesign was the development of a long-term masterplan for Scott Base.
Antarctica New Zealand Chief Executive Jordy Hendrikx said the past 18 months of planning and design had significantly strengthened the redevelopment programme.
“We have now completed planning, design and procurement. We have confidence in the design, confidence in the commercial arrangements and confidence that the project is ready to move into delivery, while remaining within the Government’s approved funding envelope.”
Professor Hendrikx said the redevelopment remained one of New Zealand’s most strategically important investments in science and infrastructure.
“Scott Base underpins New Zealand’s permanent presence in Antarctica, enables world-class science and supports our obligations under the Antarctic Treaty System. This redevelopment ensures New Zealand can continue to undertake internationally significant science from Scott Base while providing modern, resilient facilities capable of supporting Antarctic operations for decades to come.”
LT McGuinness Company Director Dan McGuinness said the collaborative delivery model established a year ago had been central to achieving that contractual success.
“The Early Contractor Engagement process enabled our team to work alongside Antarctica New Zealand on construction, logistics and engineering issues. Together we have developed a simpler, more buildable project with greater certainty around design, programme, logistics and cost. We are looking forward to successfully delivering Scott Base over the coming Antarctic seasons.”
Construction will proceed over successive Antarctic summer seasons, reflecting the unique logistics and approximately 100-day annual construction window available on Ross Island. The coming season will see drilling and completion of piles undertaken, along with shipment of materials needed for the 2027/28 season. Practical completion remains scheduled for 2030.
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9. Major Wellington City Council restructure is wrong time for upheaval
July 31, 2026
Source: Public Service Association Te Pūkenga Here Tikanga Mahi
Wellington City Council’s planned job cuts mean less capacity to deliver the services Wellingtonians rely on, and less spending power in a local economy already doing it tough, says the Public Service Association Te Pūkenga Here Tikanga Mahi.
Wellington City Council is proposing to disestablish 144 roles, including five fixed-term positions, and create 80 new roles, a net loss of 64 jobs across four business groups: Property, Planning and Environment, Creative Capital, and Economic and Engagement.
“This is a huge upheaval, putting great stress on loyal council workers and will also impact the local economy already hit hard by the Government’s cuts to thousands of public service jobs,” said Tom Buckley, PSA Assistant Secretary Local Government.
“These are people with skills, with experience, and with families to support. They have more to give and deserve better, particularly at a time when the job market is tight.
“The plan also doesn’t make much sense with amalgamation of councils on the cards. This is precisely the wrong time to be doing a restructure like this.
“We appreciate the council needs to find savings to keep rate rises down and reduce pressure on households. But that must be balanced against the human cost, and against risk to the services Wellingtonians rely on council workers to deliver,” Buckley said.
Many affected staff have already been through previous restructures, and there was no guarantee those applying for the new roles would get one, despite the council saying existing employees will be considered first.
“All of this creates great anxiety for workers who have to keep delivering services for Wellingtonians while they go through it,” Buckley said. “The PSA is standing by and supporting everyone affected by this proposal. We will be urging the council to think again.”
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.
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10. Temus and Thinking Machines Data Science join forces to scale enterprise AI across Southeast Asia
July 30, 2026
Source: Media Outreach
The acquisition of Thinking Machines (TM) combines Temus’ transformation delivery infrastructure with TM’s decade-long execution capability in building data platforms and deploying enterprise AI systems.
(Left to Right) Sng Ren Yeong, CEO, Temus, and Stephanie Sy, Founder, Thinking Machines
TM will continue to operate under its own brand and leadership as “Thinking Machines Data Science, a Temus entity”. Stephanie Sy joins the Temus leadership team, and co-leads the combined Applied AI & Data team as Managing Director, alongside Sutowo Wong.
“The window to capture this moment in Southeast Asia is now, and you need the right partners to move at the speed the market demands,” said Stephanie Sy. “We built Thinking Machines because we believed that the region deserved world-class AI capability – built here, for here. Joining the Temus group means we can pursue that ambition at a scale we could not have reached alone. Our team, our brand, and our commitment to our clients remain unchanged. What changes is the breadth of what we can offer them.”
Accelerating production-grade AI deployment across Southeast Asia
TM was founded in Manila in 2015 by Stephanie Sy. Over a decade, it has trained more than 10,000 professionals in AI and co-developed hundreds of AI systems with organisations across financial services, retail, conglomerates, and the civic sector. It operates offices in Manila, Singapore, and Bangkok. Its recognition as OpenAI’s first APAC Services Partner and recently awarded OpenAI advanced partner status – reflects a track record of deploying production-grade AI systems across diverse operating environments in the region.
Temus, 500-strong and anchored in Singapore, provides full-stack AI transformation spanning cloud and application engineering, consulting, and design. Its work spans healthcare, defence, financial services, education, and government, in line with Singapore’s Smart Nation and National AI Strategy priorities.
The acquisition of TM combines Temus’ transformation delivery infrastructure – including its AI Foundry, launched in May 2026 at the Asia Tech x Summit with support from Digital Industry Singapore – with TM’s decade-long execution capability in building data platforms and deploying enterprise AI systems. Together, the two firms are positioned to accelerate the move from AI pilots to production-grade deployment across Southeast Asia.
Clients and partners of both firms will benefit from expanded capability across the combined entity, with no disruption to existing engagements or teams.
(Left to Right) Stephanie Sy, Managing Director, Applied AI & Data, Temus, Sng Ren Yeong, CEO, Temus, and Sutowo Wong, Managing Director, Applied AI & Data, Temus
Sutowo Wong, Managing Director, Applied AI & Data, Temus, said: “I’m glad to be working alongside Stephanie and the Thinking Machines team as we bring our two teams together. Our combined Applied AI & Data team brings together Temus’ transformation delivery capability with Thinking Machines’ decade of AI execution experience. Together, we’re able to support clients with a deeper bench across the full spectrum of AI and data work, and scale AI impact across the Southeast Asia region.”
Sng Ren Yeong, Chief Executive Officer, Temus, said: “Many enterprises are navigating the challenge of running AI systems that hold up under real operating conditions – constrained data, regulatory requirements, complex workflows. That requires a different level of engineering, governance, and integration. Thinking Machines brings deep capability in that layer of the problem. This investment connects two parts of the system that need to work as one: how AI is built, and how it is made to operate at scale.”
He added: “This investment is a recognition of a shared mission – two teams that were each built by people who came home to build. Thinking Machines gains the reach and resources of the Temus group. Temus gains a team that has been doing serious AI delivery work for over a decade. Together, we are better placed than ever to help organisations move from AI pilots into production, for Singapore and beyond.”
https://temus.com
Hashtag: #Temus #ThinkingMachines #AI
The issuer is solely responsible for the content of this announcement.
– Published and distributed with permission of Media-Outreach.com.
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