PM Edition: Top 10 Business Articles on LiveNews.co.nz for September 29, 2026 – Full Text

Source: Earlypay

Australian small to medium enterprises (SMEs) need to find ways to produce more from the people, equipment and resources they already have as rising costs and growing resistance to price increases put further pressure on margins, according to Earlypay CEO James Beeson.

Mr. Beeson said productivity was too often discussed as an abstract economic problem when, for an individual business, the principle was relatively simple.

“When we hear about Australia’s productivity problem, we’re generally talking about labour productivity – how much economic output we generate for every hour worked,” Mr. Beeson said.

“For an SME, it’s essentially the same question: how can I get more output from every hour my people work?

“Rather than asking people to work longer or harder, it’s about giving them better equipment, better technology, better skills and better processes so they can produce more value from the same hour of work.”

Latest ABS figures show labour productivity was flat in the June quarter and fell 0.2 per cent over the year, while the Reserve Bank’s August business liaison found increasing customer price sensitivity was limiting businesses’ ability to pass higher costs on.

“SMEs can’t remain reliant on increasing their prices every time their cost base goes up,” Mr. Beeson said.

“At some point customers stop accepting those increases. Businesses then have to look at what they can do differently to protect margins and get more from the resources they already have.”

Mr. Beeson said the opportunity would look different across industries.

“For a manufacturer, it might be machinery that allows an employee to produce more. For a transport company, it could be technology that improves scheduling and vehicle utilisation. For a professional services business, it could be using AI to remove hours of repetitive administration.

“The question SME owners should be asking is: what are my people spending time doing today that better equipment, technology, skills or processes could do more efficiently?”

Founder of commercial finance specialist Nexus Advisory, Stephen Mitchell, said cash pressures were pushing some larger businesses to seek finance after previously relying on their own reserves to cover the gap between spending money and receiving payment.

“We’re seeing more and more businesses with a lot less cash on the balance sheet,” Mr. Mitchell said.

He said transport and construction businesses were particularly exposed where agreed contract prices prevented them from recovering increases in operating costs.

“Yet as tough as the economy is, there are businesses growing,” Mr. Mitchell said.

He said businesses performing well understood their costs and had avoided taking on too much debt. Investment was continuing, with more spending directed towards efficiency rather than expansion, including automation, AI and improvements to technology systems.

Mr. Beeson said Australia needed to encourage SMEs to make productivity-enhancing investments.

“The productivity dividend comes after the investment,” he said.

“Someone has to buy the machine, implement the technology or train the employee before the additional output arrives.

“The current $20,000 instant asset write-off doesn’t go very far when you’re talking about serious plant, machinery or automation. The government should look at stronger incentives that encourage SMEs to bring forward investments that increase their productive capacity.

“Investment in equipment also needs to go hand-in-hand with skills. Better equipment in the hands of better-trained people is where the real productivity gain comes from.”

Mr. Beeson said businesses also needed to consider how productivity investments would affect cash flow before committing capital.

“A business might invest in new machinery, technology, AI or training today, but it could take months or years before the full financial benefit flows through,” he said.

“In the meantime, the business still has to pay wages, suppliers and its other operating costs. That’s why working capital needs to be part of the productivity conversation from the beginning.”

Mr. Mitchell said businesses needed to match the way an investment was funded to both the expense itself and the timing of their income. “If there is a cash flow need in a business, it’s important to get the finance that is going to match that cash flow need,” he said.

This could mean trade finance to pay suppliers, invoice finance to cover lengthy customer payment terms, or a term loan for technology investment.

According to Mr. Mitchell, some businesses were accessing unsuitable loans, adding pressure to already stretched finances.

He said funding arrangements should be reviewed over time as a business’s needs and financial position changed.

Mr. Beeson said the objective should be to make productivity investments without weakening the underlying business.

“A good investment can still create cash flow pressure if it is funded the wrong way,” he said.

“Businesses need to understand what the investment will cost, when the productivity benefits are expected to arrive and how much working capital they will need in the meantime.

“If we can help thousands of Australian SMEs invest in better equipment, better technology and better-skilled people, that’s how we start improving productivity across the broader economy.”

Earlypay Limited (ASX: EPY) is an Australian-listed lender which delivers flexible working capital finance solutions Australian businesses can rely on.

Earlypay has supported thousands of Australian SMEs for more than 25 years through solutions such as invoice finance and equipment finance – helping them improve cash flow, unlock capital and access a broader range of assets with confidence

• The partnership will bring Qutenza^®, Vimovo^®, Palexia^® and Zomig^® to people living with pain in Asia-Pacific, spanning Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam.
• Pain is a significant healthcare challenge in the region, due to the ageing population and the high burden of chronic diseases.^1,2,3
• The partnership is a key step in Grünenthal’s strategy to enhance patient care and expand access to its innovative medicines.

AACHEN, GERMANY – Newsaktuell – 28 September 2026 – Grünenthal, a global leader in pain management and research, and DKSH Business Unit Healthcare, a strategic healthcare business partner and leading provider of Market Expansion Services for pharmaceutical, over-the-counter (OTC), consumer health and medical device companies, today announced a new partnership agreement to bring four Grünenthal medicines, Qutenza^®, Vimovo^®, Palexia^® and Zomig^®, to Asia-Pacific, accelerating access to innovative pain therapies in the region.

The partnership will support the availability of Grünenthal’s pain medicines across eight markets in Asia-Pacific: Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam, bringing up to four new medicines to patients in each market, pending local regulatory approvals. Under the agreement, DKSH will commercialise the medicines on Grünenthal’s behalf across the eight markets, being responsible for seeking local marketing authorisations and the activities of marketing, medical, market access, sales and distribution. Grünenthal will manufacture the medicines through its integrated global manufacturing network.

“Qutenza^®, Vimovo^®, Palexia^® and Zomig^® have delivered meaningful benefits to millions of people living with pain worldwide. Through our partnership with DKSH, we are taking another significant step toward broadening access to proven therapies and extending the reach of our medicines to more patients who need them,” said Jan Adams, Chief Commercial Officer, Grünenthal. “With pain affecting potentially hundreds of millions across Asia-Pacific, new care options that meet the broad spectrum of patient needs are critical. We are proud to join forces with DKSH to help improve lives and advance our vision of a World Free of Pain.”

“This partnership marks another important milestone in DKSH Healthcare’s new chapter of growth. Grünenthal is a globally recognised leader in pain management, and we are proud to further strengthen our relationship through an expanded alliance partnership spanning eight markets across Asia-Pacific. Leveraging our Regional Partnership model and integrated end-to-end commercialisation platform, we are well positioned to accelerate growth, improve access to innovative therapies for patients across the region, and advance our mission of delivering Healthcare for All,” said Patrik Grande, Global Head of Business Unit Healthcare, DKSH.

Pain is a significant healthcare challenge in in Asia-Pacific, due to the ageing population and the high burden of chronic diseases.^1,2,3 Hundreds of millions of people in the region may be living with chronic pain, based on population figures and global estimates of chronic pain prevalence.^2,3

Grünenthal and DKSH first established their partnership in 2023, when DKSH took over the commercialisation of the already established medicines Nebido^®, Zomig^® and Tramal^® in selected Asia-Pacific markets. Under the new agreement, DKSH will now seek local marketing authorisations for Qutenza^®, Vimovo^®, Palexia^® and Zomig^® across the eight participating markets, with Zomig^® being introduced in additional markets not covered by the 2023 agreement.

About Qutenza^®
In Europe, Qutenza^® is indicated for the treatment of peripheral neuropathic pain in adults, either alone or in combination with other medicinal products for the treatment of pain.

Qutenza^® (capsaicin) 8% topical system is approved in the US for the treatment of neuropathic pain associated with postherpetic neuralgia and for the treatment of neuropathic pain associated with diabetic peripheral neuropathy (DPN) of the feet in adults. Important US safety information is available at www.qutenza.com.

About Vimovo^®

Vimovo^® (fixed-dose combination of esomeprazole and naproxen) is indicated in adults for the symptomatic treatment of osteoarthritis, rheumatoid arthritis and ankylosing spondylitis, in patients who are at risk for developing non-steroidal anti-inflammatory drug (NSAID)-associated gastric and/or duodenal ulcers and where treatment with lower doses of naproxen or of other NSAIDs is not considered sufficient.

About Zomig^®

Zomig^® (zolmitriptan) is indicated as an oral formulation in adults aged 18 years and older for acute treatment of migraine headache with or without aura, and as a nasal spray in adults and adolescents aged 12 years and older for the acute treatment of migraine headache with or without aura and in adults for the acute treatment of cluster headache.

About Palexia^®

Palexia^® (tapentadol) is indicated as a prolonged-release tablet for the management of severe chronic pain in adults which can be adequately managed only with opioid analgesics, and for the management of severe chronic pain in children above 6 years and adolescents, which can be adequately managed only with opioid analgesics. It is also indicated as a film-coated IR tablet for the relief of moderate to severe acute pain in adults which can be adequately managed only with opioid analgesic, and as an oral solution for the relief of moderate to severe acute pain in children* and adolescents from 2 years of age and in adults which can be adequately managed only with opioid analgesics.

*in children restricted to hospital use where appropriate equipment to enable respiratory support is available. As with all symptomatic treatments, the continued use of tapentadol exceeding 3 days must be evaluated on an ongoing basis.

Statement on the responsible use of opioids

General considerations for the management of pain with any medication that contains an opioid mechanism of action.

All opioid medications are not authorised for all types of pain indication. Always refer to the product prescribing information.

An individualised, patient-centred approach for the diagnosis and treatment of pain is essential to establish a therapeutic alliance between patient and clinician.

To optimise opioid treatment:

• It is important to optimally use multimodal, non-opioid approaches in acute and chronic pain before escalating to opioids or in conjunction with opioid therapy.
• Opioids should be used only when benefits for pain and function are expected to outweigh risks.
• Consider patient variables that may affect opioid dose for each patient prior to opioid use.
• During ongoing opioid therapy, clinicians should collaborate with patients to evaluate and carefully weigh benefits and risks of continuing opioid therapy and exercise care when increasing, continuing, or reducing opioid dosage.
• Make a careful selection of patients, abuse risk factors evaluated, and regular monitoring and follow-up implemented to ensure that opioids are used appropriately and in alignment with treatment goals (pain intensity and functionality) as agreed with the patient.
• Make patients aware of the potential side effects of opioids and the potential for developing tolerance, dependence and addiction.
• Addiction is possible even when opioids are taken as directed.
• Signs of opioid use disorder should be monitored and addressed.

If an opioid is authorised and selected for treatment of acute pain, please consider:

• The use should be for the shortest necessary time.

If an opioid is authorised and selected for treatment of chronic pain, please consider:

• To continue opioid therapy only if there is clinically meaningful improvement in pain and function that outweighs risks to patient safety.
• Regular monitoring, clinical reviews, re-evaluations are required for long-term opioid treatment to assess pain control, impact on lifestyle, physical and psychological well-being, side effects and continued need for treatment.
• How opioid therapy will be discontinued if benefits do not outweigh risks (CDC new ref), incl. tapering down the dose where possible.

Patients and the general public can benefit from clear educational materials and awareness interventions to support the responsible use of opioids.

References

Hashtag: #Grünenthal #DKSH

About DKSH

About Grünenthal

Third annual forum co-hosted with Mastercard and FTAHK to explore how AI is reshaping financial services

HONG KONG SAR – Media OutReach Newswire – 28 September 2026 – As artificial intelligence (AI) moves from experimentation to enterprise-wide adoption, organizations across Hong Kong are increasingly exploring how AI can transform customer experience, productivity and decision-making. Against this backdrop, Citi, Mastercard and the FinTech Association of Hong Kong (FTAHK) co-hosted the third edition of Citi’s annual fintech forum under the theme “Beyond AI-Ready: Shaping the Agentic Future of Finance“. The event brought together regulators, financial industry leaders and fintech innovators to discuss how financial institutions can responsibly scale the adoption of agentic AI and unlock its potential across wealth management, banking and payments.

Discussions focused on the opportunities and challenges presented by agentic AI, including customer engagement, advisor productivity, governance, cybersecurity, operational resilience and the future of work. Speakers included representatives from Citi, Mastercard, the Hong Kong Monetary Authority, the Financial Services Development Council (FSDC), Accenture, AlipayHK, Ant International, Google Cloud, Hong Kong Cyberport and NVIDIA.

Vicky Kong, Head of Wealth, Asia North and Australia, Citi, said, “The industry conversation is no longer about whether organizations will adopt AI, but how they can scale it responsibly and effectively. At Citi, we are working closely with regulators and partners to help advance AI adoption across Hong Kong’s financial industry. By investing in data, technology and talent, we aim to equip our advisors with deeper insights and enhance the customer experience, while ensuring that trust, accountability and human judgment remain at the heart of financial services.”

Joe Bonanno, Head of Wealth Intelligence, Citi Wealth, said, “We are entering a new era where agentic AI can transform how financial institutions harness data and intelligence to elevate the colleague and client experience. At Citi Wealth, platforms such as Citi Sky represent a major step forward, bringing together research, superior client service, expertise and advanced AI capabilities on a single platform. By connecting these capabilities more seamlessly, we can provide advisors and clients with faster access to actionable insights based on their financial goals and objectives.”

A key highlight of the forum was the showcase of Citi Sky, Citi Wealth’s conversational AI capability developed using Google Cloud and Google DeepMind technologies. Engineered as an always-on digital companion, the platform is designed to redefine how clients access market insights, identify financial opportunities and engage with their wealth advisors. Built on a secure data foundation and leveraging real-time interactive capabilities, Citi Sky represents a significant step in translating advanced data intelligence into highly personalized and accessible wealth management experiences.

Dr. Peter Robejsek, Executive Vice President, Market Development, Asia Pacific, Mastercard, said, “Asia Pacific is uniquely positioned to capitalize on the opportunities presented by agentic AI. Consumers and businesses are increasingly leveraging AI to enhance discovery, decision making and transactions, shaping the next generation of commerce. At Mastercard, we are committed to providing a safe, secure and intelligent infrastructure that fosters innovation, efficiency and responsible growth across the evolving agentic ecosystem.”

Michele Fung, Board Member, FinTech Association of Hong Kong, said, “Building on last year’s vision of turning Hong Kong into a leading AI-ready economy, we are now entering the next frontier of financial evolution. It is no longer just about preparing our systems for artificial intelligence, but actively shaping an agentic future where intelligent, autonomous technologies drive real-world outcomes. By continuing to unite the collective expertise of regulators, financial institutions, and technology innovators — alongside our AI Strategic Advisory Council — the FTAHK partnering with Citi and Mastercard remains dedicated to pioneering the frameworks that will define this next era. Together with industry leaders, we are moving beyond readiness to ensure Hong Kong leads the global financial ecosystem in responsible, agentic innovation.”

The forum reflects Citi’s continued commitment to supporting Hong Kong’s development as a leading international financial center and fostering industry collaboration on the responsible adoption of emerging technologies.
http://www.citigroup.com/#_blank
http://www.linkedin.com/company/citi#_blank
https://twitter.com/Citi#_blank
http://www.facebook.com/citi#_blank
http://www.youtube.com/citi%7C#_blank

Hashtag: #Citi

About Citi

PTC System works closely with Palo Alto Networks to help organizations strengthen cybersecurity resilience as part of broader digital transformation initiatives. By combining Palo Alto Networks’ industry-leading security platform with PTC’s expertise in AI infrastructure, enterprise infrastructure, and IT modernization, the company helps customers securely adopt emerging technologies while addressing evolving security challenges.

“As organizations accelerate investments in AI platforms and next-generation digital infrastructure, ensuring security and governance from the outset has become critical,” said SS Lim, Managing Director at PTC System.

“AI transformation and cybersecurity must go hand in hand. Through our collaboration with Palo Alto Networks, we help customers build secure, governed, and AI-ready environments that enable innovation while maintaining resilience, visibility, and control.”

“NextWave partners play a critical role throughout the customer lifecycle, from the initial qualifying stage to ultimately ensuring successful deployment and adoption of our technology,” said Michael Khoury, VP of Global Channel Programs, Palo Alto Networks. “As a NextWave Theatre Diamond Innovator, PTC System is a cybersecurity advisor our customers can trust.”

“Our customers need cyber experts that can help them achieve better security outcomes, protecting them from today’s sophisticated threats,” said Michelle Saw, VP for GTM Shared Services in JAPAC at Palo Alto Networks. “Our Theatre Diamond Innovator NextWave partners have deep Palo Alto Networks expertise to help solve complex security challenges with robust solutions and services. As a NextWave Theatre Diamond Innovator, PTC System is helping redefine what it means to be secure.”

Palo Alto Networks is a registered trademark of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names or service marks used or mentioned herein belong to their respective owners

Hashtag: #PTCSystem

About the NextWave Partner Program

About PTC System (S) Pte Ltd

PTC System (S) Pte Ltd is a leading information and communications technology (ICT) System integrator in Singapore. The company delivers end-to-end solutions spanning AI infrastructure, enterprise infrastructure, networking, cybersecurity, and managed services. Through strong partnerships with global technology leaders, PTC helps organizations accelerate digital transformation and achieve sustainable business outcomes.

Carlsberg’s Brewmaster Zoran Gojkovic takes his pairings from the brewhouse to Singapore’s boldest tables, with exclusive deals on Grab Dine Out

SINGAPORE – Media OutReach Newswire – 28 September 2026 – Carlsberg Asia is partnering with Grab, Southeast Asia’s everyday superapp, to launch exclusive dine-out deals with Brewmaster-curated beer pairings at 28 restaurants in Singapore. Available until 25 October, the campaign invites consumers to discover unexpected pairings and enjoy them firsthand at partner restaurants.

Guided by Carlsberg’s Brewmaster, Zoran Gojkovic, this first-of-its-kind collaboration takes diners on a seamless journey, from digital inspiration to tableside enjoyment. Diners can explore curated food-and-beer pairing experiences, unlock exclusive vouchers, and head to partner restaurants to savour the perfect pairing. Whether it’s a spicy weeknight supper with local favourites, a long weekend brunch or a premium fine dining experience, every pairing is designed to turn everyday meals into memorable beer moments.

Carlsberg’s Brewmaster Brings His Expertise to Singapore’s Boldest Tables

To bring this to life, Carlsberg’s Brewmaster, Zoran Gojkovic, travelled across Southeast Asia, trading the brewhouse for the region’s most exciting kitchens. At every stop, he sat down with chefs, restaurant partners and local food communities to explore the rich culinary traditions behind each dish and share the brewing science behind great pairings. Along the journey, Zoran drew on his decades of expertise to match every innovative dish with the perfect brew from Carlsberg’s portfolio, revealing how local food culture and brewing craftsmanship blend seamlessly at the same table.

With exclusive deals now available on Grab Dine Out, Carlsberg is redefining the modern beer occasion in a bustling city filled with vibrant local flavours. The partnership allows food lovers to discover local spots, unlock personalised deals, and explore expertly crafted beer pairings tailored to diverse tastes.

Olga Pulyaeva, General Manager, Carlsberg Singapore, said: “By bringing our premium portfolio onto Grab and tapping into its extensive ecosystem, we are connecting with digitally engaged consumers and turning online discovery into real dining experiences. Paired with Zoran’s expertise in matching our beers with the city’s diverse flavours, this partnership is taking diners from inspiration to the table in just a few taps.”

Discovering the Perfect Pairing in Singapore’s Vibrant Dining Scene

The food-and-beer pairing experience spotlights a curated selection from Carlsberg’s portfolio, including the citrusy and refreshing 1664 Blanc, the rich and velvety Connor’s Stout Porter, the refined Japanese lager Sapporo, the easy-drinking Carlsberg Smooth Draught, and the OG, well-balanced Carlsberg Danish Pilsner. Each chosen to distinctively bring out the best of the city’s culinary concepts. From contemporary Chinese to an energetic Japanese gastrobar and open-flame grill mastery, the pairings are designed to showcase how Carlsberg’s beer styles complement the chefs’ creations.

At Empress, the contemporary Chinese restaurant overlooking the Singapore River, time-honoured classics such as Empress Roast Duck and a savoury Popcorn Chicken Spicy Sichuan Style take center stage. Connor’s Stout Porter‘s robust, roasty malt perfectly echoes the lacquered, smoky skin of the duck, while Carlsberg Danish Pilsner’s crisp mouthfeel and hoppy notes balance the popcorn chicken’s rich, spicy flavours.

Over at Kinki, a vibrant Japanese fusion gastrobar on Collyer Quay, bold, modern plates like Jeju Pork Jowl and Saikoro Pepper Steak meet a buzzing atmosphere. The bright, aromatic citrus notes of 1664 Blanc cut through the richness of the pork jowl, lifting every savoury note with a bright, refreshing finish. Sapporo’s light, well-balanced finish complements the tender richness of the pepper steak.

Fireplace by Bedrock, a modern wood-fired concept spotlighting premium ingredients, turns up the heat with the deep smokiness of 6-Hour Wood-Fired Pork Belly. Its robust flavours call for the mellow and easy finish of Carlsberg Smooth Draught to reset the palate between bites.

From Grab to the Table: Turning Everyday Meals into Beer Occasions

Going from craving to table takes just a few taps. On the dedicated Carlsberg selection page in the Grab app, consumers can browse participating restaurants and explore curated food-and-beer pairing deals. Simply pre-purchase a deal in the app and then redeem it at the restaurant to enjoy the exact pairing featured in the campaign. Together, Carlsberg and Grab are making great pairings easier to find and enjoy: one deal, one pairing, one shared table at a time.

Hashtag: #Carlsberg #Grab #BeerPairing

About Carlsberg Asia

About Grab

Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 900 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people everyday to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. We operate supermarkets in Malaysia under Jaya Grocer and Everrise, which enables us to bring the convenience of on-demand grocery delivery to more consumers in the country. As part of our financial services offerings, we also provide digital banking services through GXS Bank in Singapore and GXBank in Malaysia. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Grab strives to serve a triple bottom line – we aim to simultaneously deliver financial performance for our shareholders and have a positive social impact, which includes economic empowerment for millions of people in the region, while mitigating our environmental footprint.

Source: Alliance Party of Aotearoa New Zealand

Monday 28th September 2026

The Alliance Party has announced the first installment in its Trade Policy, which will modernise Aotearoa New Zealand’s international trade regime, protect local industries, and take a stand for human rights around the world.

Alliance Party trade spokesperson and candidate for Wellington North, Josh Harford, says international trade is rapidly becoming a race to the bottom.

“The craven, unrestrained obsession with maximising profits serves only to destroy local industry and bring misery on populations elsewhere in the world. Manufacturing in Aotearoa New Zealand once comprised one-quarter of all economic activity. Now, it is barely one-tenth.”

The policy includes protectionist policies around manufacturing and industry to support economic sovereignty.

“In the past three years, we have seen factory after factory close their doors, usually in order to shift production overseas. This has damaged the economies of our regional centres, worsened unemployment, and deepened generational poverty for many. We cannot be a fully-employed nation when we ship so much economic potential offshore,” Mr Harford says.

The policy includes guidelines for fair and managed trade, rather than free trade.

“Fair trade goes hand in hand with equality. Sweatshops around the world employ women and children in forced labour conditions, exploiting poverty conditions and societal barriers.”

Mr Harford says the Alliance is not opposed to international trade, and recognises that Aotearoa New Zealand is a small market often at the end of a long and expansive supply chain.

“We do not believe in shutting off from the world, but right now we profit from modern slavery, outsource environmentally damaging manufacturing that we still rely on, all while undermining our economic and political sovereignty.”

“We believe in a diversified local economy: one that will take measures to protect critical industry, keep it on shore, and expand it,” Mr Harford says.

Mr Harford took aim at existing regulations:

“We have a very weak trade framework, designed to maximise corporate profits with little regard for either domestic industry or human rights. Without a humanitarian approach to international trade and robust modern slavery legislation, we are rapidly becoming a global outlier.”

“This government has shown great vigour in fast-tracking legislation and using urgency for policies that harm Aotearoa New Zealand. The Alliance Party would bring that gusto to updating our modern slavery legislation and cracking down on exploitation in our trade settings.”

Mr. Harford also observed that humanitarian trade policy benefits domestic workers just as much as those overseas:

“By cracking down on bad actors and unethical practices, we remove the financial incentive to exploit. This will help to restore industry and manufacturing on our shores. We can be a powerhouse of industry, but only if we have the right settings in place to protect those industries.”

As the first listed ETF to track the HKEX KRX Semiconductor Index*, the product provides investors with a new allocation tool across the Hong Kong and South Korean semiconductor markets, marking a strategic milestone in technology-focused investing and cross-border financial innovation.

Amid the acceleration of global AI and emerging technologies, demand for semiconductors continues to surge, driving robust industry momentum. On March 31, HKEX and the Korea Exchange (“KRX”) officially introduced the HKEX KRX Semiconductor Index. As the first co-branded index between HKEX and KRX, it provides cross-market exposure to Hong Kong-listed semiconductor companies eligible for Southbound Stock Connect and leading South Korean semiconductor names represented by all constituents of the KRX Semiconductor Top 15 Index.

Peng Zeng, Chairman of the Board, Chief Executive Officer, and Chief Investment Officer, Bosera Asset Management (International) Co., Limited, stated: “We are honored to be the first asset manager to launch the ETF tracking the HKEX KRX Semiconductor Index. The Bosera HKEX KRX Semiconductor Index ETF offers global investors efficient and one-click access to key semiconductor leaders across Hong Kong and South Korea. The launch of this ETF, which tracks the first co-branded index of the two exchanges, marks a major milestone in cross-border financial innovation within Asian capital markets, and highlights Bosera International’s expertise in cross-border asset management. Looking ahead, Bosera International will continue leveraging our strengths to deliver high-quality, differentiated global allocation solutions for investors worldwide.”

HKEX Chief Executive Officer, Bonnie Y Chan, said: “We are delighted to welcome the first ETFs tracking HKEX’s cross-market index series. Their launch marks an important step in our efforts to connect Hong Kong with international markets by working with exchanges and partners across Asia and beyond to broaden investor choice. By bringing together opportunities across different markets and sectors, these benchmarks respond to investors’ growing demand for diversification and reinforce Hong Kong’s role as a gateway connecting the Chinese Mainland with the rest of the world.”

Buyeon Yi, President of KRX Future Strategy Division, Korea Exchange, Inc, stated: “KRX congratulates Bosera Asset Management (International) on the listing of the Bosera HKEX KRX Semiconductor Index ETF. Korean market has contributed 15 leading companies across Korea’s Semiconductor value chain to this first co-index between HKEX and KRX. We hope the ETF will help broaden opportunities for Hong Kong investors to gain exposure to major leading semiconductor companies listed in Hong Kong and Korea.”

This launch further expands Bosera International’s ETF suite across regional strategies, thematic sectors, and cross-border connectivity products. Looking ahead, Bosera International remains dedicated to product innovation and strengthening global exchange partnerships to deliver forward-looking investment solutions aligned with evolving market trends.

Source: HKEX website, as at 24 September 2026

Important Notice:
Investment involves risks. Past performance is not indicative of future performance. Investors should not make any investment decision solely based on the information provided in this material. Investors should refer to the Prospectus and the Product Key Facts Statement of the Sub-Fund for further details, including product features and risk factors before making any investment decision. Bosera HKEX KRX Semiconductor Index ETF(the “Sub-Fund”) is a sub-fund of Bosera ETFs, an umbrella unit trust established under Hong Kong law. The Sub-Fund is a passively-managed ETF falling within Chapter 8.6 of the Code on Unit Trusts and Mutual Funds issued by the SFC (the “Code”).

The investment objective of the Sub-Fund is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the HKEX KRX Semiconductor Index (net total return version) (the “Index”).

Investors must pay attention to investment risks, including but not limited to:

• Investment risk – The Sub-Fund is an investment fund. There is no guarantee of the repayment of principal. Therefore your investment in the Sub-Fund may suffer losses.
• Concentration risk – As the Index constituents concentrate in Hong Kong and Korea companies and may concentrate in certain sectors from time to time, the investment of the Sub-Fund may be similarly concentrated. The value of the Sub-Fund may be more volatile than that of a fund having a more diverse portfolio of investments.
• Risks of investing in companies focusing on semiconductor industry The Sub-Fund invests in companies in the semiconductor industry, which may particularly be affected by the intense competition in such industry. The semiconductor sector may be subject to government intervention, sanctions and trade protectionism. Companies in the semiconductor sector are typically dependent on maintaining relationships with their technology partners. The semiconductor sector is also characterised by cyclical market patterns and periodic overcapacity.
• Korea market risk – Investors should be aware of the potential market risks associated with trading in the Korean market, particularly the impact of circuit breakers and daily price limits.
• New index risk – The Index is a new index. The Sub-Fund may be riskier than other exchange traded funds tracking more established indices with longer operating history.
• Financial derivative instruments (“FDI”) risk – The Sub-Fund’s synthetic representative sampling strategy may involve investing up to 50% of the Sub-Fund’s NAV in FDIs. Investors investing in any such Sub-Fund are exposed to a higher degree of fluctuation in value than a Sub-Fund which does not invest in FDIs.
• Passive investments risk – The Sub-Fund is passively managed and the Manager will not have the discretion to adapt to market changes due to the inherent investment nature of the Sub-Fund. Falls in the Index are expected to result in corresponding falls in the value of the Sub-Fund.
• Tracking error risk – The Sub-Fund may be subject to tracking error risk, which is the risk that its performance may not track that of the Index exactly. This tracking error may result from the investment strategy used and/or fees and expenses. The Manager will monitor and seek to manage such risk and minimise tracking error. There can be no assurance of exact or identical replication at any time of the performance of the Index.

The risk factors mentioned above are not exhaustive. Please refer to the relevant offering documents for further details of the Sub-Fund

This material has not been reviewed by the Securities and Futures Commission.

Disclaimer:
The information is for general reference only and does not constitute any investment advice, offer, or invitation, nor does it constitute an invitation to buy or sell any financial products. Investment involves risks. Past performance is not indicative of future performance. This material has not been reviewed by the Securities and Futures Commission of Hong Kong. Issued by and copyright held by Bosera Asset Management (International) Co., Limited.

Index Provider Disclaimer:
HKEX Indices and Benchmarks Limited and Korea Exchange, Inc (“KRX”) (collectively, “Joint Owners”), their respective affiliates, information providers and any other third parties (“Relevant Parties”) involved in, or related to, computation, compilation, publication, dissemination, or provision of HKEX KRX Semiconductor Index do not sponsor, endorse, sell, or promote the Bosera HKEX KRX Semiconductor Index ETF (the “Product”) and make no representation or warranty, express or implied, and shall have no liability to any person including the owners of the Product or any member of the public with regard to the Product including regarding the legality, suitability, advisability of investing in the underlying assets or financial products generally, or in the Product in particular.

The Joint Owners’ only relationship with Bosera Asset Management (International) Co., Limited (if any) is the licensing of HKEX KRX Semiconductor Index and certain trademarks, service marks, and/or trade names of the Joint Owners or their respective affiliates. HKEX KRX Semiconductor Index and such marks and trade names are the exclusive property of the Joint Owners and their respective affiliates. HKEX KRX Semiconductor Index is determined, composed, and calculated by Relevant Parties without regard to the Product or its performance. Relevant Parties may cease to compute, compile or publish HKEX KRX Semiconductor Index and may change its computation from time to time without liability to any person and have no obligation to take the needs of Bosera Asset Management (International) Co., Limited or the investors of the Product into consideration in determining, composing, or calculating HKEX KRX Semiconductor Index.

RELEVANT PARTIES DO NOT GUARANTEE THE ACCURACY, TIMELINESS, RELIABILITY AND/OR THE COMPLETENESS OF HKEX KRX SEMICONDUCTOR INDEX OR ANY DATA INCLUDED THEREIN AND SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.

RELEVANT PARTIES MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAWS, SHALL HAVE NO LIABILITY OF ANY KIND TO ANY PERSON WITH RESPECT TO HKEX KRX SEMICONDUCTOR INDEX OR ANY DATA INCLUDED THEREIN INCLUDING WITHOUT LIMITATION (I) THE RESULTS TO BE OBTAINED BY BOSERA ASSET MANAGEMENT (INTERNATIONAL) CO., LIMITED, INVESTORS IN THE PRODUCT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF HKEX KRX SEMICONDUCTOR INDEX OR ANY DATA INCLUDED THEREIN; (II) USEFULNESS, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO HKEX KRX SEMICONDUCTOR INDEX OR ANY DATA INCLUDED THEREIN; (III) THE ABILITY OF HKEX KRX SEMICONDUCTOR INDEX TO TRACK GENERAL MARKET PERFORMANCE OR GENERAL PERFORMANCE OF ANY UNDERLYING ASSETS, THEIR PRICES OR OTHERWISE.

An investor by subscribing or purchasing the Product will be regarded as having acknowledged, understood and accepted the disclaimer above.

Hashtag: #Bosera

Bosera Asset Management (International) Co., Limited

Latest Michelin Guide distinctions span hotels and restaurants in Thailand, Japan, the Philippines, and the UAE, reflecting the breadth of Dusit’s hospitality offering

BANGKOK, THAILAND – Media OutReach Newswire – 28 September 2026 -Dusit Hotels and Resorts, the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies, is celebrating continued Michelin recognition across its international portfolio, spanning distinctive hotel stays and dining experiences across multiple brands and markets.

Leading the latest honours is Dusit Thani Bangkok, Dusit’s reimagined flagship hotel opposite Lumpini Park in the heart of the Thai capital, which has been elevated from One to Two Michelin Keys – denoting an exceptional stay – in the Michelin Guide’s 2026 global hotel selection.

Rebuilt on the site of the original hotel, which opened in 1970 and closed for redevelopment in 2019, the 257-room property reopened in September 2024 as a key component of Dusit Central Park, a landmark mixed-use development bringing together the hotel, luxury residences, offices, retail, and an expansive rooftop park.

Conceived to set a new benchmark for the Dusit Thani brand, Dusit Thani Bangkok presents a contemporary interpretation of its predecessor’s distinctive identity, with all guest rooms offering sweeping views of Lumpini Park. The hotel reflects a broader evolution of Dusit’s luxury offering, centred on combining the group’s Thai hospitality heritage with contemporary design and highly personalised service, while shaping each property’s experiences around its destination.

This approach is reflected to award-winning effect elsewhere in Dusit’s global portfolio. Dusit Thani Kyoto in Japan and Dusit Thani Mactan Cebu Resort in the Philippines have each retained One Michelin Key – denoting a very special stay – maintaining Dusit’s Michelin Key presence across three countries while demonstrating how the brand’s Thai-inspired gracious hospitality can take distinct forms in different locations.

Beyond its Michelin Key properties, ASAI Bangkok Chinatown, ASAI Bangkok Sathorn, and ASAI Kyoto Shijo – all part of Dusit’s locally focused lifestyle brand, ASAI Hotels – are also included in the Guide’s curated hotel selection, comprising properties chosen by Michelin’s inspectors for their quality, individual character, and connection to their destinations.

Michelin recognition also extends to Dusit’s dining experiences. At Dusit Thani Bangkok, Cannubi by Umberto Bombana holds One Michelin Star in the Michelin Guide Thailand 2026 – making it the only Italian restaurant in Thailand to hold the distinction. The contemporary Italian restaurant received its first Star when the 2026 edition was announced in November 2025.

Elsewhere in Bangkok, Thien Duong, the Vietnamese restaurant at Baan Dusit Thani, retains its Michelin Bib Gourmand, recognising good-quality, good-value cooking.

In the Philippines, Benjarong, serving refined Thai cuisine, and Umu, specialising in Japanese dining, at Dusit Thani Manila are both included as Michelin Selected restaurants in the Michelin Guide Philippines 2026.

In the UAE, Namak, serving contemporary Indian cuisine at Dusit Thani Abu Dhabi, continues its run as a Michelin Selected restaurant.

Collectively, the Michelin recognition spans multiple Dusit brands, destinations, and hospitality experiences, from luxury and lifestyle hotels to a diverse range of dining concepts.

“Receiving Two Michelin Keys for Dusit Thani Bangkok is a tremendous honour, and one made even more meaningful by the wider Michelin recognition our hotels and restaurants continue to receive across several destinations,” said Chanin Donavanik, Group CEO, Dusit International. “These achievements belong first and foremost to our teams, whose skill, creativity, and care shape the experiences our guests enjoy every day. They also affirm our belief that staying true to our Thai hospitality heritage while continually evolving for the needs of today’s travellers can create experiences that resonate far beyond our home market. We are immensely proud of what our teams have achieved, and we will continue building on this foundation across our portfolio.”

High-resolution images and a short video accompanying this media release are available here: Dusit celebrates Michelin recognition

For more information about Dusit Hotels and Resorts, please visit dusit.com.

Hashtag: #Dusit

About Dusit Hotels and Resorts

About Dusit International