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Austal FY2026 H1 slides: 34% revenue surge clouded by margin concerns

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Austal FY2026 H1 slides: 34% revenue surge clouded by margin concerns


Austal FY2026 H1 slides: 34% revenue surge clouded by margin concerns

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Analysis: Debt challenges for households

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Analysis: Debt challenges for households

Many Australians are starting the year with lighter wallets after the Black Friday, Christmas and Boxing Day sales.

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Plan for 7,000 new homes, parks and upgrades in masterplan for regeneration zone on edge of city centre

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Pumpfields and Limekilns described as ‘vital but neglected district’

Vauxhall Road could be reimagined (Levitt Bernstein)

Vauxhall Road could be reimagined

More than 7,000 homes, parks and improved transport connections could be built as part of a new “transformative” masterplan for the northern edge of Liverpool city centre. Liverpool Council is to unveil its plan for the Pumpfields and Limekilns area which would be connected with the authority’s wider regeneration proposals.

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Members of the local authority’s cabinet will this week be asked to endorse a strategy in the form of a supplementary planning document (SPD), that will embrace the site’s past while creating a sustainable, vibrant, mixed-use new neighbourhood delivering new homes, along with improved infrastructure and community facilities. The SPD sets out how the “vital but neglected district” represents a critical part of the jigsaw linking the heart of Liverpool to the established residential communities to the north and the emerging regeneration areas along the waterfront.

An SPD is a technical document that planning authorities can produce to provide guidance on planning policies in a Local Plan. Under the new vision outlined by Liverpool Council, the area around Pumpfields and Limekilns could become a ” highly sustainable extension of the city centre, accommodating substantial housing growth and optimising strategic economic benefits.”

The document outlines how the proposals, which would take place over a number of years, would connect the area to the wider redevelopment projects around the northern waterfront known as Liverpool North. It said: “The site has the ability to facilitate improved public transport, which will benefit Liverpool North and the city centre.”

Pumpfields and Limekilns is currently an island site, severed by Scotland Road to the east, Leeds Street to the south, Great Howard Street to the west, and the Kingsway Tunnel to the north. The proposed development seeks to unlock and reintegrate the site through the creation of new and improved connections with the surrounding neighbourhoods and wider city.

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Among the new infrastructure is the potential for approximately 7,283 new homes. This would be a mix of townhouses, maisonette and apartments, the majority of which would be one and two-bedroom.

Following the original vision of the Liverpool Waterfront SPD, a new half a kilometre long green corridor named Kingsway Park would restore natural element to the area which is currently comprising residential buildings, surface car parking and vacant land.

The proposed park connects the existing green space of Ennerdale Park with the larger expanse of Central Park within the emerging Liverpool Waters masterplan. Kingsway Park would also occupy an area historically lacking in open green space – where rural fields were rapidly replaced with factories during the Industrial Revolution.

The masterplan also proposes the potential relocation of the Blackstock Gardens Memorial, which commemorates those who lost their lives during a Second World War air raid in 1940. Although not a designated heritage asset, the memorial holds significant social value.

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It could be sensitively relocated within a new memorial garden, which will form a green link between Kingsway Park and Pumpfields Road. It is hoped the wider regeneration of the area would establish a sustainable and inclusive 20-minute neighbourhood.

The document said: “The masterplan will be a safe place for children to play out, young people will feel welcome and included and people of all genders, abilities and ages will enjoy spending time outside. This will benefit the community as a whole, allowing people to get to know their neighbours, feel safer from traffic, experience less pollution, having more places to rest and enjoy green space and nature and know that the next generation will grow up in a friendly and supportive environment.”

Locations within the district could also be in line for major transformation, including Blackstock Street. Under the terms of the SPD, this would be repurposed into a pedestrian priority route with vehicular access gateways at either end of the street prioritising pedestrians and cyclists at certain times of the day and allowing local businesses to spill out into the street.

Indicative designs of how the proposed new park may look (Levitt Bernstein)

Indicative designs of how the proposed new park may look

Additionally, Canal Square, which once formed the historic end of the Leeds and Liverpool Canal, would become a “civic heart, acting as a catalyst for regeneration and offering vital open space relief amid the anticipated higher-density developments within the Tall Buildings zone along Leeds Street and Great Howard Street.” This would include a flexible, multi-functional civic space that accommodates local retail, informal gathering, and a wide range of community and cultural events.

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A new linear water feature will also mark the historic alignment of the canal. A vibrant city centre boulevard would form the reactivation of Leeds Street. With improved crossings and widened footway, analysts say this could help address severance caused by high traffic flows.

It added: “While it will continue to serve as a key east–west artery around the inner core of the city centre, its character will shift towards an active travel corridor, prioritising walking, wheeling, and cycling, alongside enhanced public transport routes.” No on-street parking will be allowed along its entire route.

A significant section of Great Howard Street, including its junction with Leeds Street, would also be transformed through a cut-and-cover solution, taking the road underground and allowing the junction to be fully pedestrianised as highlighted as part of Liverpool Council’s wider waterfront strategy.

This transformation would further strengthen pedestrian, wheeling and cycling connections between Pumpfields and Limekilns and the waterfront. If approved by cabinet members when they meet this week, the draft Pumpfields and Limekilns SPD will be published for public consultation in accordance with planning regulations.

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Singapore AML and KYC Rules for Foreign Shareholders

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Singapore AML and KYC Rules for Foreign Shareholders

Company formation in Singapore is quick, but banking and compliance reviews are separate, layered, and can be lengthy, especially for high-risk sectors, requiring thorough documentation and adherence to due diligence processes.

Company Formation and Processing Duration

In Singapore, establishing a company involves separate stages of formation and operation. Simple incorporations can typically be completed within one to three business days once all necessary documents are submitted. However, if the application requires verification by additional authorities, the process can extend from 14 days up to two months.

Assessments for Foreign Shareholders and Account Opening

Foreign shareholders are subject to independent reviews by a corporate service provider during incorporation and separately by banks during account setup. Clearance from the corporate registry does not guarantee approval from financial institutions, so investors should anticipate multiple assessment stages, rather than a single approval.

Documentation and Due Diligence

Individuals must present identity verification, proof of residence, professional background, and detailed explanations of their source of wealth and funds. Banks conduct layered compliance reviews, with more in-depth assessments for higher risks. The process may take several weeks, especially for complex business models or sectors like digital assets or cross-border transactions, impacting the timeline for capital deployment.

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Indonesia budget deficit at 0.21% of GDP in January, Finance Minister says

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Indonesia budget deficit at 0.21% of GDP in January, Finance Minister says


Indonesia budget deficit at 0.21% of GDP in January, Finance Minister says

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The Social-Driven Shopping Revolution in Asia

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TikTok Announces Strategic Long-Term Investment in Thailand

The social-driven shopping revolution in Asia represents a seismic shift in consumer behavior, where social media platforms have evolved from mere communication tools into powerful e-commerce ecosystems.

This phenomenon, often termed “social commerce,” integrates entertainment, community interaction, and seamless purchasing, blurring the lines between scrolling and shopping.

Driven by high mobile penetration, a young digitally native population, and innovative platforms, Asia—particularly China and Southeast Asia (SEA)—leads the world in this space. As of 2026, social commerce is not just a trend but a core driver of retail growth, with projections indicating explosive expansion amid AI integration and live streaming dominance.

Key Drivers of the Revolution

Several factors fuel this transformation:

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  • Mobile-First Consumers: With smartphone adoption rates exceeding 80% in many Asian markets, shopping has become instantaneous and on-the-go. Platforms leverage this with in-app checkouts and personalized feeds.
  • Influencer and Creator Economy: Creators and key opinion leaders (KOLs) drive trust and conversions through authentic endorsements. In SEA, 75% of live commerce happens on TikTok, where influencers merge entertainment with sales.
  • Live Streaming and Shoppertainment: “Shoppertainment”—a fusion of shopping and entertainment—has exploded, especially in China and SEA. Live sessions offer real-time interaction, flash deals, and social proof, achieving conversion rates up to 35% in categories like fashion.
  • AI and Personalization: Generative AI enhances discovery, with 39% of APAC consumers already using it for shopping. This includes tailored recommendations and automated conversations.
  • Economic and Cultural Shifts: Post-pandemic caution has led to intentional spending, prioritizing value and wellness. East Asian influences, like K-pop trends, heavily impact young buyers’ decisions.

This revolution is reshaping retail, with social platforms capturing a growing share of e-commerce. For instance, APAC’s social commerce market was valued at around $625 billion in 2024, projected to grow robustly through 2030.

Regional Highlights

Asia’s diverse markets showcase unique adaptations:

  • China: The epicenter of live commerce, expected to reach $1.14 trillion by 2026. Platforms like Douyin (TikTok’s Chinese version) and Taobao Live dominate, with sessions generating billions in minutes. Every consumer surveyed has used social media for purchases, making it integral to daily life.
  • Southeast Asia: Leading global growth with a projected GMV of $186.5 billion by 2030, at a 31.42% CAGR. Countries like Indonesia, where 60% buy via live streams, and the Philippines see TikTok Shop and Shopee as cultural staples. Conversion rates here outpace traditional e-commerce by 10-15x.
  • Other APAC Markets: In India and Vietnam, social commerce blends with quick delivery models. South Korea’s K-beauty and fashion trends spread via influencers, while Japan focuses on community-driven group buys.
Region Key Platforms 2026 Projected GMV (USD) Growth Driver
China Douyin, Taobao Live, WeChat ~1.14 trillion Live streaming scale
SEA (e.g., Indonesia, Philippines) TikTok Shop, Shopee, Lazada ~50-80 billion (regional subset) Influencer-led shoppertainment
APAC Overall Meta, YouTube, Line >1 trillion (social + e-comm) AI personalization and mobile payments

Trends Shaping 2026 and Beyond

As we enter 2026, several trends from NielsenIQ’s outlook highlight the evolution:

  • Convergence of Ecosystems: Social commerce merges with quick commerce and retail media, creating frictionless paths where discovery, validation, and purchase happen in one app.
  • Gen Z Dominance: 72% of Gen Z in APAC buy directly from social apps, favoring live commerce and clinical-grade wellness products.
  • AI-Driven Creator Loops: Automation in messaging and content creation scales personalized experiences, with platforms like WhatsApp enabling cross-border shopping.
  • Challenges and Opportunities: While trust in payments remains a barrier, regulatory investments boost consumer confidence. Brands must adapt to platform-native strategies or risk losing share.

TikTok Shop exemplifies this, with global GMV estimates hitting $42 billion in 2024 and continued growth into 2026, particularly in SEA where it’s reshaping demand.

This revolution positions Asia as a blueprint for global retail, with APAC poised to become the world’s largest consumer market by 2035, valued at $36 trillion. Brands succeeding here prioritize community-rooted, conversation-led commerce over traditional models.

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Australian operations buoy Austal results

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Australian operations buoy Austal results

Austal has delivered a bumper result after its Australian operations posted a 60 per cent hike in revenue for the first half of the year.

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China assessing US Supreme Court tariff ruling

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China assessing US Supreme Court tariff ruling

China is making a “full assessment” of the ‌US Supreme Court’s tariff ruling and has urged Washington to lift “relevant ‌unilateral tariff measures” on its trading partners.

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Murdoch chancellor appointed South Perth monitor

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Murdoch chancellor appointed South Perth monitor

Murdoch University chancellor Gail McGowan has become WA’s third local government monitor, appointed to the City of South Perth to address issues in the council.

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Fremantle Dockers post $554k operating profit

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Fremantle Dockers post $554k operating profit

Despite generating a club record revenue of $83.6 million, the Fremantle Dockers posted a reduced operating profit in 2025.

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Legal loophole to close for dangerous drivers

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Legal loophole to close for dangerous drivers

Changes in legislation will be introduced to parliament tomorrow, which will give police and the courts the power to ban someone driving until the serious matters are dealt with by the court.

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