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Boosting competition for affordable electricity

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Source: New Zealand Government

Energy Minister Simon Watts welcomes the new rule agreed to by the Electricity Authority will level the playing field for smaller power companies, boosting retail competition to put downward pressure on power prices.

“We know many Kiwis are struggling with the cost of living, with rising energy prices putting more pressure on their budgets. That’s why this Government is taking competition in the electricity market seriously because more competition means Kiwis can have access to more affordable electricity,” Mr Watts says.

“Currently the large power companies can cross subsidise themselves because they both produce energy and sell it. The new rule will mean they have to offer their generation at the same rate to everyone and can’t offer themselves discounts. This will level the playing field by giving smaller companies a better chance to compete and will mean Kiwi consumers have more choices.

“Healthy competition is essential to give us the reliable and affordable electricity we need to power our homes and businesses. The changes announced today will encourage investment in new generation and allow all players to compete on a level playing field. This will lead to better economic outcomes, including for our large-scale industries.”

These changes were developed under the Energy Competition Task Force, established in August last year in response to the winter power crisis. The new non-discrimination rule will be consulted on later this year.

“While today’s announcement is a positive step, we remain deeply concerned about the lack of affordability and competitiveness in the electricity market. I expect the Authority to deliver more efficient, competitive, and reliable electricity market,” Mr Watts says.

“Looking ahead, I have also received the final report of the electricity markets performance review, which looked at how we can improve the market to support economic growth and ensure access to reliable and affordable electricity for consumers. I will have more to say on the review’s outcomes in due course, once Cabinet has given careful consideration to its findings and recommendations.”

MIL OSI

Get wild at work (in a good way)

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Source: NZ Department of Conservation

Date:  19 August 2025

Conservation Week | Te Wiki o Te Taiao: 1-7 September 2025.

With more than 4,000 of our native species at risk, the time to step up (and maybe step outside) is now. And don’t worry, we’re not asking for a full-blown forest restoration. Even small actions can make a tree-mendous difference.

Led by DOC, this year’s theme ‘Take action for nature’ is a powerful call for workplaces to support our unique biodiversity – and improve the wellbeing of their teams at the same time.

“Connecting with nature isn’t just good for the environment, it’s proven to benefit mental health, reduce stress, and increase productivity and creativity in the workplace,” says Sia Aston DOC Deputy Director-General Public Affairs.

“Spending even a short time in nature can lift moods, improve focus, and help teams feel more connected. When businesses take action for nature, they’re also investing in their people.”

Whether it’s a walking meeting, a beach clean-up, a lunchtime quiz, or learning to identify native birds, Conservation Week activities are designed to boost both nature and workplace wellbeing.

DOC has created a Conservation Week kete full of ready-to-go resources to help businesses plan, promote and share their involvement.

Workplaces are encouraged to:

  • Choose one or more easy activities from the Conservation Week kete.
  • Share photos or videos on social media demonstrating how your business is taking action for nature.

Activities include:

  • Daily nature quiz – test your team’s knowledge with a new question each day.
  • Walking meetings – turn team catchups into nature-connected strolls.
  • Beach clean-ups – help your local environment and enjoy a day out.
  • Bird ID online course – learn to recognise native birds by sight and sound.
  • Spyfish Aotearoa – count fish for science during your break.
  • Fiordland Kiwi Diaries screening – relax over lunch with a dose of kiwi magic.

Download your free Conservation Week kete.

The kete includes activity guides and promotion materials to make running your own event simple, fun, and impactful.

Explore ideas at www.doc.govt.nz/conservationweek

Contact

For media enquiries contact:

Email: media@doc.govt.nz

MIL OSI

Confirmation of AA+ credit rating welcomed

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Source: New Zealand Government

Finance Minister Nicola Willis has welcomed confirmation from Fitch Ratings that the Government’s careful management of the books has preserved New Zealand’s strong credit rating. 

The international rating agency has affirmed New Zealand’s AA+ rating with a stable outlook. 

“At the moment New Zealand is borrowing overseas to continue providing good public services while we work to rebuild the economy and public finances,” Nicola Willis says.

“Historically, New Zealand governments have been able to borrow at reasonable rates because of their reputation for being responsible managers of public money, but that is not something that should be taken for granted.

“In the nicest possible language, Fitch’s commentary contains a warning for New Zealand. 

“Fitch says New Zealand’s rating is underpinned by the Government’s strong commitment to fiscal consolidation and an expectation that debt as a percentage of GDP will move to a downward path.

“However, Fitch warns that ‘evidence of a weakening in the culture of fiscal    commitment to fiscal responsibility would affect creditworthiness’.

“That is Fitch telling us that borrowing a lot more, as Opposition parties are proposing, would lead to a credit downgrade. That would increase the cost of government debt and also have a flow-on effect to the cost of household and business borrowing, as New Zealand would be seen as a more risky country to lend to.

“That is why this Government is committed to returning the books to surplus while continuing to invest in the public services New Zealanders need and shifting the economy onto a stronger growth path. 

“Doing so requires some difficult choices, but the alternative is increasing costs for Kiwi households and businesses.”

MIL OSI

One charged after drugs and ammunition found, Lower Hutt

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Source: New Zealand Police

Attribute to Acting Detective Senior Sergeant Ben Evans:

One person has been charged after Police found drugs, ammunition, and body armour at an address in Lower Hutt last night.

At around 9:20pm Hutt Valley Police executed a search warrant at a Belmont address, following a report of a person at the address possessing drugs.

During the search, Police located MDMA/Ecstasy, body armour, and a large quantity of varying rounds of ammunition.

A Firearm-Detector Dog unit was also deployed, assisting in the locating of the ammunition.

A 30-year-old man was arrested and is due to appear in Hutt Valley District Court today, charged with possessing ecstasy for supply and unlawfully possessing ammunition.

An investigation is underway, and a scene guard remains at the address.

ENDS

Issued by Police Media Centre

MIL OSI

Driver involved in dangerous overtaking incident summonsed, car impounded

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Source: New Zealand Police

To be attributed to Inspector Mike Brooklands, Manager – Commercial Vehicle and Safety Team:

A driver involved in a dangerous overtaking incident on the Whakapapa Access Road last weekend has been summonsed to appear in court for dangerous driving.

The incident occurred at around 9.20am on 16 August and was captured by the dashcam in an oncoming vehicle.

Police identified and located the driver as a result of information provided by the driver of the oncoming vehicle, and we’d like to thank them for passing information on to us.

The driver of the offending vehicle, a 40-year-old Auckland man, has been summonsed to appear in Taumaranui District Court on 16 October.  The vehicle has also been impounded for 28 days.

This kind of unsafe driving puts both other motorists and the occupants of the overtaking car themselves at risk of serious injury or worse.

In order to overtake safely, drivers need to ensure it is legal and safe to pass.

Drivers should use passing lanes when they are available, or otherwise ensure there is ample clear road ahead before attempting to overtake.

ENDS

Issued by Police Media Centre. 

MIL OSI

AI Agent Drives New Growth︱SY Holdings Reports 2025 Interim Results: Net Profit Up 23%; E-commerce Business Volume Surges Eightfold

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Source: Media Outreach

SHENZHEN, CHINA – EQS Newswire – 18 August 2025 – SY Holdings Group Limited (“SY Holdings” or the “Company”; Stock Code: 6069.HK), a digital intelligence technology company specialising in “AI + industrial supply chain” solutions, announced its interim results for the six months ended 30 June 2025.

According to the announcement, SY Holdings has been deeply implementing its “AI+” strategy, continuously advancing the commercialisation of AI Agent applications to support the growth of SMEs. As of 30 June 2025, the Company recorded a net profit of over RMB 2.03 billion, marking a year-on-year increase of 23%.

Leveraging AI Agent and other advanced technologies, based on comprehensive integration of industry ecosystems and data, SY Holdings fully exploits the benefits of its distinctive risk control model characterised by a “transaction-focused, asset-light” approach. The Company helps SMEs in the supply chain to “secure orders and access funding,” while offering efficient, cost-effective, and high-quality financing facilitation services.

For the six months ended 30 June 2025, the Company reported revenue and income from core business activities of approximately RMB 0.4 billion. The platform facilitated cumulative funding turnover of more than RMB 278.0 billion, a rise of over 29% compared to the same period last year, and served more than 19,100 customers in total, an increase of over 14% year-on-year. SMEs customers accounted for over 97% of the total customer base, with first-time borrowers making up more than 30%. The Company’s platform has helped customers reduce financing costs by at least 30%.

SY Holdings continued to develop its platform-based strategy, with its self-developed AI Agent—”SY Cloud Platform”—as the central hub to establish an efficient and intelligent matching mechanism between the industry and funding partners, supporting the rapid growth of its “asset-light” operating model.

As of 30 June 2025, the platform had established strategic partnerships with over 10 Fortune Global 500 companies and developed relationships with more than 180 funding partners, representing an increase of 31% year-on-year, positioning itself as a key partner for financial institutions in promoting inclusive finance. Based on this foundation, platform-based facilitation business accounted for approximately 88% of the total business volume, up 28 percentage points from the same period last year.

Platform technology service revenue reached approximately RMB 0.21 billion, showing a year-on-year increase of 37% and constituting 52% of total revenue—outpacing its growth target six months early and poised to significantly boost future earnings.

2025 is seen as the inaugural year for widespread commercial use of AI Agents. SY Cloud Platform has thoroughly integrated with popular open-source large language models like DeepSeek, Qwen, and Doubao, leading the way in offering diverse value-add services to its ecosystem partners.

For example, in the infrastructure sector, the platform can automatically gather tender and procurement information through multiple channels, perform data cleaning and data organization, and convert it into a standard format that is easy to analyse, covering key details such as project type, scale, budget, and technical requirements. By leveraging information on suppliers’ business scope, production capacity, qualification level, and historical bidding records, the platform delivers highly relevant tender opportunities directly to suitable suppliers.

Furthermore, the platform offers suppliers assistance with bidding document preparation, analysis of the competitive landscape, and pricing strategy advice, enabling them to enhance both bidding efficiency and success rates. By 30 June 2025, SY Holdings reported its initial revenue from AI-driven order acquisition, with income from AI “order-matching” services surpassing RMB 400,000.

In an era of rapid advances in AI technology, SY Holdings has continued to increase its investment in research and development. As of 30 June 2025, the Company’s cumulative R&D investment was close to RMB 270 million, with R&D personnel accounting for approximately 30% of the total staff. The Company holds 88 national invention patents and computer software copyrights, covering multiple fields including AI, big data, and cloud computing.

Building on this foundation, SY Holdings has developed and deployed a range of innovative applications, such as intelligent document sorting, intelligent contract review, and AI-powered customer service, collaborating closely with ecosystem partners to achieve cost reduction and efficiency improvements. During the reporting period, the average asset service volume per capital increased by approximately 27%, while our customers’ sales volume grew by over 60% year-on-year.

Demonstrating strong confidence in its long-term value and high regard for its future growth prospects, SY Holdings has announced a special dividend of RMB 600 million for 2025 and committed to maintaining a dividend payout ratio of no less than 90% for the financial years 2025 and 2026, thus continuing to share the company’s growth outcomes with its shareholders. Based on this pledge, the total dividend payout for 2025 will be approximately RMB 950 million. As of the closing price on the date of this results announcement, the dividend yield is estimated at around 8%.

SY Holdings has received unanimous backing from prominent institutions—including CICC; Tianfeng Securities, CSC(China Securities); SDIC Securities; Soochow Securities; Sinolink Securities; GF Securities; Guolian Securities; Phillip Securities; and Zheshang Securities—each assigning the Company a ‘Buy’ or ‘Outperform’ rating, with the highest target price of HK$21.65.

Expanding into New Sectors, Building New Growth Engines

While deepening its presence in key national industries such as infrastructure, healthcare, pharmaceuticals, and commodities, SY Holdings is also actively expanding into strategic emerging sectors including e-commerce and robotics. These emerging sectors together represent a potential market size of more than RMB 70 trillion and a customer base of over 26,000 thousand enterprises.

In the e-commerce sector, SY Holdings has expanded its coverage to six leading platforms, including Douyin, SHEIN, Shopee, Kuaishou, WeChat Channels, Poizon. As of 30 June 2025, the company’s cumulative e-commerce financing facilitation volume surpassed RMB 2.8 billion, reflecting an almost eightfold increase year-on-year.

Recently, SY Holdings completed system integration with a leading global fashion e-commerce platform and successfully embedded end-to-end online services within the platform. Through this integration, e-commerce merchants can utilise their “shipped but pending settlement orders” to create a virtuous cycle of “sales – early payment collection – repurchase – further sales,” thereby further expanding the growth potential of SY Holdings’ e-commerce sector business.

In the robotics sector, SY Holdings has formed a strategic partnership with Standard Robots (Wuxi) Co., Ltd., a global leader in industrial intelligent robotics, through investment, successfully launching its first innovative supply chain services transaction in the robotics industry. This collaboration has laid the groundwork for SY Holdings to expand into a new business segment, while the Company actively explores partnership models with enterprises engaged in industrial, service, and specialised robotics to accelerate its presence in China’s robotics market, which is valued at over RMB 190 billion.

In terms of strategic investment, SY Holdings has brought in XtalPi Inc. (Stock Code: 2228.HK)—known as the “first AI-for-Science stock”—and Be Friends Holding Ltd. (Stock Code: 1450.HK), a leading cross-platform live-streaming e-commerce company, as strategic investors. This move aims to bolster the company’s AI R&D capabilities, develop vertical-industry AI Agents, and rapidly penetrate the live-streaming e-commerce space.

In terms of computing power reserves, SY Holdings has secured support from the Wuxi Economic Development Zone and officially connected to the Xuelang Computing Center, NVIDIA AI Computing Center, and Sugon Advanced Computing Center, all operated by Wuxi Digital Whale Technology Co., Ltd. (“Digital Whale”). Digital Whale currently has more than 60 H800 servers in reserve, providing intelligent computing capacity exceeding 1,000P.

Leveraging these resources, SY Holdings will enable ecosystem partners to access sufficient intelligent computing capacity to meet advanced computing requirements across multiple scenarios, including model training and application deployment. The Company will continue to focus on the R&D and application of AI Agents, with operational efficiency expected to improve further in 2025. Average service volume per capita is projected to expand significantly, providing strong support for the Group’s profit growth.

Embracing Web 3.0 to Accelerate Expansion of International Operations

Currently, the international order is experiencing significant and complex changes, with the ongoing restructuring of global supply chains. Issues such as notable exchange rate volatility, low payment efficiency, and difficult market access have become key obstacles limiting the globalization of SMEs.

Recently, SY Holdings set up its international headquarters in Singapore to further grow its presence in overseas markets and to explore innovative uses for Web 3.0 and stablecoins.

In international business development, SY Holdings has established a strategic partnership with Xinbada (Guangzhou) Technology Co., Ltd., a leading supplier to SHEIN, through investment. The company will support the development of flexible, intelligent factories in overseas markets such as Turkey, Southeast Asia, and Morocco. Additionally, it will utilise the supplier’s role within the industrial ecosystem serving cross-border e-commerce platforms including SHEIN, Temu, Cider, and PatPat to speed up the global growth of China’s apparel manufacturing hubs and cross-border e-commerce platforms.

Furthermore, SY Holdings has been continuously expanding its business layout in Southeast Asia and has completed its first international financing transaction. Using its international market resources and platform connectivity, the Company will also support key pharmaceutical enterprises in processing and fulfilling export orders for herbal products.

It is worth noting that stablecoins, as an emerging payment and settlement instrument pegged to fiat currencies, leverage blockchain’s peer-to-peer transfer capabilities to enable instant “payment-equals-settlement” clearing, while reducing transaction costs to as low as 0.1%. SY Holdings plans to explore innovative applications of stablecoins in facilitating international supply chain finance services, aiming to improve capital turnover, lower cross-border payment costs, and reduce foreign exchange volatility risks. In doing so, the Company seeks to provide an optimal customer experience characterised by speed, efficiency, quality, and cost-effectiveness, and to act as a bridge for SMEs in the Asia-Pacific region as they expand globally.

Looking ahead, as AI and Web 3.0 become increasingly integrated, the technological foundations of the digital world are undergoing a profound transformation. SY Holdings will continue to leverage technology to connect industries and ecosystems, working together with SMEs to reshape global supply chains.

Hashtag: #SYHoldings

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

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