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BUMA Secures Contract with Adaro for South Tutupan Mine through 2030

JAKARTA, Indonesia, Feb. 23, 2026 /PRNewswire/ — PT Bukit Makmur Mandiri Utama (“BUMA”), the principal subsidiary of PT BUMA Internasional Grup Tbk (IDX: DOID; “BUMA International Group”), today announced a long-term contract with PT Adaro Indonesia (“Adaro”). The contract, effective from April 1, 2026 through December 31, 2030, secures BUMA’s operations at the South Tutupan Mine in Tanjung Tabalong, South Kalimantan.

Under the contract, subject to the terms and conditions contained therein, BUMA is expected to deliver around 239 million bank cubic meters (bcm) of overburden removal and 44 million tonnes of coal, equivalent to average annual volumes of 50.5 million bcm and 9.3 million tonnes, respectively. The contract reinforces BUMA’s long-standing partnership spanning over 20 years with Adaro, while strengthening the Group’s contracted revenue base and long-term earnings visibility.

Ronald Sutardja, President Director of PT Bukit Makmur Mandiri Utama, stated, “We are pleased to announce this significant contract with Adaro Indonesia, one of our valued long-term partners. The contract is a testament to BUMA’s consistent operational delivery and our ability to manage technically complex mining operations safely and reliably. It strengthens our contracted earnings visibility and reinforces our position as Indonesia’s trusted mining services partner.”

In parallel with its operational activities, BUMA is deeply committed to empowering local communities in the Tabalong through programs focusing on education, health, environmental protection, and socio-cultural initiatives. Key initiatives include the JIKAMAKA computer skills workshop, Youth Broadcasting Class for creative industry development, the Kampung Iklim environmental program, and support for local small and medium enterprises (UMKM).

These efforts have earned recognition from the South Kalimantan Provincial Government for environmental contributions, appreciation from the Tabalong Regent for advancing the Adipura initiative and UMKM development, as well as commendation from the Tabalong Youth Community and the Regent for consistent support of youth and community development programs.

“Our partnership with Adaro Indonesia extends beyond operational delivery to creating shared value for local communities. We are proud of the positive social impact we have created together and will continue investing in the community’s long-term prosperity,” Ronald concluded.

About PT BUMA Internasional Grup Tbk (BUMA International Group)

Established in 1990, PT BUMA Internasional Grup Tbk (BUMA International Group) is a globally diversified mining holding company with operations across Indonesia, Australia, and the United States. The Group operates under four key business pillars: Mining Services, Mine Ownership, Social Enterprise, and Technology.

At the core of its Mining Services operations is PT Bukit Makmur Mandiri Utama (BUMA), one of the largest mining services providers in Indonesia and Australia (operating under its fully owned subsidiary, BUMA Australia Pty Ltd). The Group transformed its business as a mine owner in 2024 with the acquisition of Atlantic Carbon Group, Inc. (ACG), positioning itself as the leading producer of ultra-high-grade anthracite in the United States.

Expanding its diversification, the Group entered the future-facing commodities sector in 2024 by acquiring a stake in 29Metals Limited, an Australian-based copper and base metals mining company. The Group’s other portfolios include PT Bukit Teknologi Digital (BTech), focusing on developing deep learning technologies aimed at enhancing operational efficiency, reducing emissions, and minimizing Occupational Health and Safety (OHS) risks, and PT BISA Ruang Nuswantara (BIRU), a social enterprise dedicated to education, vocational training, and promoting a circular economy.

Headquartered in Jakarta, BUMA International Group is publicly listed on the Indonesia Stock Exchange (IDX: DOID) and employs over 12,000 people worldwide. In June 2025, the company was once again recognized among the Top 200 in the FORTUNE Southeast Asia 500, underscoring its position as one of the region’s largest companies by revenue.

About PT Bukit Makmur Mandiri Utama (BUMA)

BUMA was established in 1998, is the second largest coal mining services contractor in Indonesia by production volume, providing mining services to some of the largest coal producers in Indonesia. BUMA is a subsidiary of PT BUMA Internasional Grup Tbk (BUMA International Group) which is listed on the Indonesia Stock Exchange board (IDX Code: DOID). BUMA is headquartered in Jakarta, Indonesia.

Tim Hortons® Singapore Marks Major Milestone with Official MUIS Halal Certification Ahead of the Festive Season

SINGAPORE – Media OutReach Newswire – 23 February 2026 – Tim Hortons® Singapore is pleased to announce that it has officially received Halal certification from the Majlis Ugama Islam Singapura (MUIS) across all its existing restaurants islandwide. This significant milestone arrives at a momentous time, as the brand prepares to join the local community in celebrating the upcoming Ramadan and Eid Al-Fitr festivities.

The attainment of the MUIS Halal mark, a global gold standard in Halal assurance, reaffirms Tim Hortons’ commitment to making its offering available to everyone. Since its debut in Singapore, the iconic Canadian coffee house has been a neighbourhood destination for all. With this certification, the brand’s full suite of signature coffee, iced beverages, sandwiches, and freshly baked treats is now accessible to the Muslim community, offering a new destination for family gatherings.

Fostering Connection in Singapore’s Multicultural Landscape

In Singapore’s unique multicultural landscape, dining is more than just a meal, it is a bridge between cultures. By securing official MUIS certification, Tim Hortons® strengthens its promise to provide a welcoming environment where every guest can gather with absolute peace of mind.

At Tim Hortons, we believe the best experiences are those that bring people together. Ramadan and Eid Al-Fitr are seasons defined by reflection, gratitude, and the spirit of sharing. We are honoured to receive this certification at such a meaningful time, allowing Tims to be a part of our guests’ festive traditions. Whether it is a cozy spot for Iftar or sharing our signature treats during Eid visits, we are delighted to be a part of your celebrations.

Elevating the Festive Table: An Expanded Range of Offerings

With the MUIS Halal seal, guests can now explore the full breadth of the Tim Hortons® menu, featuring a diverse array of flavours suited for both daily indulgence and festive hosting:

  • Hearty Iftar Options: For those looking to break their fast with a satisfying meal, our Signature Grilled Sandwiches, including the fan-favourite Pesto Chicken and the iconic Montreal Beef Pastrami, provide a warm and wholesome option.
  • The Ultimate Festive Treats: Our world-famous Timbits® and handcrafted Assorted Donut boxes are the perfect addition to any festive spread. These bite-sized treats are

ideal for sharing during family gatherings and as gifts when visiting loved ones during communal Iftar gatherings and during the Hari Raya season.

  • Handcrafted Beverages: Guests can enjoy our 100% Premium Arabica coffee, including the legendary Maple Cinnamon Latte and the Montreal Latte, as well as our signature Frappe Iced Beverages (Iced Capps®) and a variety of espresso-based lattes and non- caffeinated refreshing drinks, all prepared under strict Halal-certified protocols.
  • Savory Selection: The menu also features a range of made-to-order sandwiches, bagels and bakes, offering a variety of fresh and flavourful choices for any time of day.
Uncompromising Standards of Quality and Integrity

The journey to MUIS Halal certification involved a comprehensive and rigorous audit of the entire Tim Hortons® operational ecosystem. This included a meticulous review of the supply chain, ingredient sourcing, and kitchen preparation processes. This achievement ensures that the high-quality standards Tim Hortons® is known for globally, are harmonized with the stringent religious and food safety requirements of MUIS.

A Commitment to Future Growth

As Tim Hortons® continues to expand its footprint across Singapore, where it currently operates 17 stores, this certification is a pillar for all future outlets. The brand looks forward to opening more doors across the island, ensuring that the “Tims” experience remains accessible to all Singaporeans.

Hashtag: #TimHortons




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

About Tim Hortons®

Tim Hortons® is one of the world’s renowned restaurant chains operating in the quick service segment. Founded in 1964, Tim Hortons® appeals to a broad range of guest tastes, with a menu that includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos, espresso, teas, and our famous Iced Capp® Beverages), baked goods, hot breakfast sandwiches, breakfast snacking items, and other food products. Tim Hortons® has more than 6,000 restaurants around the world.
Tim Hortons in Singapore operates under the management of MGCA Cafe, a wholly owned subsidiary of Marubeni Corporation, a major Japanese general trading and investment conglomerate”

LSBF Singapore Campus Secures Asia-Pacific Stevie® Award for the Third Consecutive Year

SINGAPORE, Feb. 23, 2026 /PRNewswire/ — The London School of Business and Finance (LSBF) Singapore Campus has once again earned regional acclaim, clinching the Bronze Stevie® Award at the 13th Annual Asia-Pacific Stevie® Awards for the third consecutive year.

Recognised under the category “Award for Excellence in Innovation in Education – Organisations with up to 100 Employees,” LSBF’s win cements its standing as one of Singapore’s most agile and industry-driven private education institutions.

This year’s award-winning submission, “Innovating Education Through Integrated Expansion and Industry Collaboration,” spotlighted LSBF’s bold strategy to integrate academic excellence with strong corporate alliances and rapid programme innovation—positioning students at the forefront of workforce transformation.

Strategic Expansion Backed by Industry Leaders

Over the past year, LSBF accelerated its growth through high-impact collaborations with organisations such as Grab, the Accounting and Corporate Regulatory Authority (ACRA), and leading Big 4 accounting firms, strengthening real-world exposure and professional pathways for students.

The Asia-Pacific Stevie® Awards recognise workplace innovation across 29 nations, honouring organisations that demonstrate measurable impact and forward-thinking leadership.

LSBF’s three-year winning streak reflects more than consistency—it signals resilience, adaptability, and sustained excellence within a highly competitive regional education landscape.

“Winning the Asia-Pacific Stevie® Award for the third consecutive year is a defining milestone for LSBF,” said Miko Chng, Associate Director of Domestic Sales and Marketing, LSBF Singapore Campus. “This recognition validates our strategic direction—where education is not delivered in isolation, but in collaboration with industry.

Our ability to move swiftly, build meaningful partnerships, and launch market-relevant programmes has allowed us to create measurable impact for both students and corporate partners.”

Transforming Lives Through Education

From globally recognised undergraduate and postgraduate degrees to professional certifications and executive development programmes, LSBF continues to align its offerings with digital, regulatory evolution, and Singapore’s national upskilling agenda.

Guided by its brand promise, “Transforming Lives Through Education,” LSBF continues to redefine learning through industry-connected, globally relevant, and impact-driven programmes—ensuring its graduates are not merely qualified, but confidently future-ready.

About LSBF

The London School of Business & Finance (LSBF), founded in 2003 and a member of the Global University System (GUS), serves over 25,000 students across more than 40 countries. With campuses in key cities including the UK, Singapore, and Malaysia, LSBF has expanded its international footprint, particularly in Asia. LSBF Singapore campus offers over 100 programmes in business, finance, law, hospitality, and technology, and collaborate with reputable universities to provide internationally recognised qualifications. LSBF holds EduTrust certification, partners with organizations like Grab, Deloitte and ISCA, and is an ACCA Approved Learning Partner. In recognition of its future-focused approach to education, LSBF was honoured with the Singapore Business Review’s International Business Award in Education for two consecutive years – 2024 and 2025. These accolades reaffirm LSBF’s commitment to delivering quality, industry-aligned education that empowers aspiring professionals globally.

Delta Electronics Philippines Partners with Danao City Government to Advance EV Charging Infrastructure Across Cebu Province

DANAO CITY, Philippines, Feb. 23, 2026 /PRNewswire/ — Delta Electronics, a global leader in power management and smart green solutions, today announced its participation in the Driving Sustainable Transport: Exploration for Danao City EV Charging Station initiative, in partnership with the Danao City Government. The project was formally launched on February 3, 2026, at The Boardwalk in Danao City, Cebu, supporting the Philippines’ national Build Better More agenda and its push for sustainable transport and climate-resilient infrastructure.

Delta Electronics Philippines Partners with Danao City Government to Advance EV Charging Infrastructure Across Cebu Province
Delta Electronics Philippines Partners with Danao City Government to Advance EV Charging Infrastructure Across Cebu Province

The launch was attended by the City Mayor of Danao, members of the City Council, Delta Electronics, CET Technologies, as well as local stakeholders, emphasizing strong collaboration between national and local governments and the private sector.

“This initiative directly supports our vision for modern, resilient, and environmentally responsible cities. By investing in Electronic Vehicle infrastructure today, we are positioning our city to contribute to long-term economic growth, energy efficiency, and improved quality of life for the people of Danao.” said Danao City Mayor Ramon ‘Nito’ Durano III.  

Vince Del Mundo, Country Manager, Delta Electronics Philippines, said: “This project reflects Delta’s commitment to supporting the Philippines’ transition to cleaner and more resilient transport infrastructure. By working closely with Danao City and our partners, we aim to deliver EV charging solutions that are standards-compliant, climate-ready, and scalable, helping local governments meet national sustainability goals while building long-term value for their communities.”

As part of the initiative, Delta will deploy its DC Wallbox 25kW DC fast charger and AC Max 22kW EV charging solution, supporting a wide range of vehicles including e-buses, e-trikes, motorcycles, and passenger electric cars. Located at a central government site, the installation enables reliable charging access for both public and private EV users.

Delta’s AC chargers deliver reliable, efficient EV charging with power outputs ranging from 7 kW to 22 kW, ensuring fast and convenient charging for various electric vehicles. Designed for versatility, they support global charging interfaces and feature intelligent user authorization for secure access. Their compact form factor makes installation seamless, whether in residential driveways or bustling commercial hubs.

Delta’s dual output DC Wallbox advances EV compatibility at public charging sites. Its wall-mounted and modular design ensures cost-efficient installation and lifecycle maintenance. It also features built-in network connectivity for authentication and remote-control applications.

To date, Delta has deployed over 3 million EV chargers worldwide, supported by its own R&D, manufacturing, and quality assurance capabilities. Delta works closely with top-tier automotive and infrastructure partners to deliver safe, standards-compliant EV charging solutions at scale.

Standards-Compliant and Climate-Ready

The project complies fully with the Electric Vehicle Industry Development Act (RA 11697) and Department of Energy standards, enabling Danao City to meet its requirements for EV-ready infrastructure and designated Green Slots.

Furthermore, Delta’s IP-rated, weather-resistant charging solutions are engineered for Philippine operating conditions and high public utilisation, ensuring long-term reliability and compatibility with multiple EV types.

Community Impact and Future Expansion

With this installation, Danao City Hall becomes one of the first government centers in Northern Cebu to offer public-access EV charging, supporting electric public transport, lowering operating costs for EV users, and contributing to cleaner urban environments.

The project marks Delta Electronics’ first Smart City initiative with the Danao City Government and establishes a foundation for a long-term partnership to expand green mobility and smart energy solutions as demand grows.

ABOUT DELTA
Delta, founded in 1971, and listed on the Taiwan Stock Exchange (code:2308), is a global leader in switching power supplies and thermal management products with a thriving portfolio of IoT-based smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the Dow Jones Best-in-Class World Index (formerly the DJSI World Index of Dow Jones Sustainability™ Indices) for 14 consecutive years. Delta has also won CDP with double A List for 4 times for its substantial contribution to climate change and water security issues and has been named Supplier Engagement Leader for its continuous development of a sustainable value chain for 8 consecutive years.

For detailed information about Delta, please visit: www.deltaww.com

Denmark Street Icon Regent Sounds, Announces Exclusive Online Sale of T-Bone Walker’s Legendary 1949 Gibson ES-5N: “The Guitar That Started It All” on Reverb

LONDON, Feb. 23, 2026 /PRNewswire/ — The newly reopened Regent Sounds guitar shop on Denmark Street will mark the launch of its new Vintage Lounge with an exclusive online auction of T-Bone Walker’s legendary 1949 Gibson ES-5N: “the guitar that started it all”.

T-Bone Walker's 1949 Gibson ES-5N
T-Bone Walker’s 1949 Gibson ES-5N

The special five-week event runs from 23 February to 31 March on Reverb – the world’s largest online marketplace for musical instruments.

Bringing together rock and roll legends, collectors and industry insiders, the event will celebrate the history of Regent Sounds by writing a new chapter in guitar history.

T-Bone Walker’s legendary Gibson ES-5N is widely acclaimed as one of the most valuable and historically important musical instruments in existence, due to its extreme rarity, documented provenance, historical significance, and unique 77-year journey.

The guitar is being sold by way of closed bidding exclusively on Reverb with Regent Sounds inviting starting bids / OIRO £1,500,000.

Accompanying T-Bone over the course of almost two decades, “the guitar that started it all” was one of only 22 built that year and marked a dramatic turning point in the development of the electric guitar and the history of music.

Widely acknowledged by many as the ultimate guitarist’s guitarist, T-Bone’s innovative playing style, techniques and licks influenced countless musicians that followed him from Chuck Berry and B.B.King, to Jimi Hendrix, Eric Clapton, Jimmy Page, Keith Richards, Jeff Beck, Stevie Ray Vaughan, Greg Allman and Steve Miller.

The tie-up with Reverb for the sale of such a legendary guitar to a global audience marks another significant step in both Regent Sounds’ triumphant comeback and the ongoing regeneration of Denmark Street.

The guitar will be on public display and also available for close inspection by appointment at Regent Sounds for the duration of the event.

Regent Sounds recording studios were famously used by The Rolling Stones, Black Sabbath, Jimi Hendrix, Jimmy Page, David Gilmour, Brian May, David Bowie, Elton John, The Kinks, Genesis and many others from the 60s to the early 80s.

Well-known tracks recorded at Regent Sounds recording studios include Fixing a Hole by The Beatles in 1967, a key track on Sgt. Pepper’s Lonely Hearts Club Band, and Not Fade Away, an early single from The Rolling Stones’ debut album.

In more recent years, long-term uncertainty about its future had left the shop in a state of flux. Now, with the original space fully reintegrated, the shop has quadrupled in size – with the addition of the high-end Rare and Vintage Guitar Lounge and three soundproof booths for musicians to try out instruments on the shop floor, Regent Sounds is bringing music back to the British “Tin Pan Alley”, Denmark Street.

Jim Tuerk, Reverb’s VP of Marketing, said: “This is a rare opportunity to own a piece of music history, T-Bone Walker’s influence on the evolution of blues into modern rock can’t be overstated, and this guitar was a leading character in that story. Reverb exists to help guitars and other gear get second, third, and fourth lives, and it’s fitting that Regent Sounds – which is legendary in its own right – is the shop to give this guitar its next home.”

Tony Bacon, author of ELECTRIC BLUES! T-Bone Walker & The Guitar That Started It All, said: “Without T-Bone Walker’s genius and virtuosity, it’s unlikely we would have had the proliferation of rock and roll from artists like the Rolling Stones or Jimi Hendrix, whose footsteps make Regent Sounds such sacred ground for music fans.”

Crispin Weir, co-owner of Regent Sounds, said: “Regent Sounds has always been a mecca for music fans because of our rich history. But the recent expansion of the shop across two floors, the opening of the Vintage Lounge, and addition of our soundproof booths mean that we have an even brighter future ahead. The sale of T-Bone’s legendary ‘guitar that started it all’ and tie-up with Reverb are just the beginning.”

Notes to Editors

Press Enquiries: regentsounds@borkowski.co.uk

Auction Website: www.reverb.com/uk/shop/regent-sounds-vintage

Guitar Website: www.gibsones5.com

Regent Sounds: www.regentsounds.com

About Reverb: https://reverb.com

About Tony Bacon: www.tonybacon.co.uk

CIMB Singapore Recognised as a Top Employer and “Career Builder” in Inaugural Singapore Opportunity Index

SINGAPORE, Feb. 23, 2026 /PRNewswire/ — CIMB Singapore has been recognised as one of the top 300 employers in Singapore and honoured as a “Career Builder” in the inaugural Singapore Opportunity Index (SOI) published by the Ministry of Manpower (MOM).

The SOI evaluated nearly 1,500 of Singapore’s largest organisations across five key dimensions: pay, progression, gender parity, retention, and hiring practices. Only the top 20% of organisations were named to the prestigious Top 300 list, underscoring their leadership in advancing talent and career development in Singapore. In addition, the index recognises “Career Builders” who exemplify best practices by creating internal mobility and development opportunities for their employees.

“This achievement reflects the culture we’ve built together, where opportunity isn’t just a promise but a daily practice. Beyond the recognition that this award provides, it is a validation that our commitment and investments in our people initiatives to support talent development and foster a workplace where people can do their best work have resulted in measurable impact,” said Andrew Boey, Chief Financial Officer and Officer-in-Charge, CIMB Singapore. “The SOI tracks real career trajectories, showing how we open doors through inclusive hiring, enable advancement and progression, as well as sustain careers through meaningful retention.”

Aside from developing its people, as part of its commitment to caring for employees, CIMB Singapore has introduced a range of wellness initiatives to enhance employee wellbeing over the recent years. This includes annual health checks and vaccinations, flexible wellness wallet, as well as various employee engagement efforts such as festive lunch celebrations to cultivate stronger bonds and camaraderie amongst its employees.

In addition, CIMB Singapore also introduced an internal Generative AI bot for employees that simplifies everyday work and boost productivity, and equips staff with AI, data, and analytics training to futureproof employees and the organisation.

Reflecting these efforts, CIMB Singapore was also named the Top Employer in Singapore 2025 & 2026 by Influential Brands and earned the Great Place to Work® certification in 2025 for the second consecutive year based on feedback from its employees, showcasing the bank’s dedication to nurturing a workplace where innovation and excellence truly flourish.

About CIMB

CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM75.2 billion as at 31 March 2025. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present across ASEAN in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and Philippines. Singapore is one of its key markets with approximately 1,000 employees serving clients across consumer, commercial, wholesale and transaction banking products and services.

Beyond ASEAN, the Group has market presence in Mainland China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 592 branches and over 33,000 employees as at 31 March 2025. CIMB’s investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

Sustainability is a core pillar of CIMB’s Forward30 strategy and 2030 roadmap. The Group is guided by its Green, Social, Sustainable Impact Products and Services (“GSSIPS”) framework, an internal taxonomy designed to deliver impactful sustainable finance. Since launching its sustainable finance framework in 2021, CIMB has progressively raised its ambitions, increasing its initial RM30 billion target to RM100 billion for 2021–2024. The Group now targets RM300 billion in sustainable finance by 2030, reinforcing its commitment to enabling a lower-carbon and more inclusive economy across the region.

Formosa Pharmaceuticals Announces Licensing Agreement with Arrotex, for Commercialization of Clobetasol Propionate Ophthalmic Suspension for the Treatment of Inflammation and Pain Following Ocular Surgery

TAIPEI, Feb. 23, 2026 /PRNewswire/ — Taiwan-based Formosa Pharmaceuticals (“Formosa”, 6838.TW) announced today that the company has entered into an exclusive licensing agreement with Arrotex Pharmaceuticals Pty Ltd. (“Arrotex”), for exclusive rights to the commercialization of clobetasol propionate ophthalmic suspension, 0.05% (APP13007), an innovative topical eyedrop for the treatment of inflammation and pain following ocular surgery in Australia and New Zealand. Arrotex, ‘Australia’s Medicines Company’, currently fulfills 50% of the country’s total volume and is a leader in ophthalmology.[1-4] The licensing arrangement includes upfront, regulatory milestones, sales milestones, and royalty considerations throughout the terms of the agreement.

APP13007’s active ingredient is the superpotent corticosteroid, clobetasol propionate, and is derived from Formosa Pharma’s proprietary APNT® nanoparticle formulation platform. The novel formulation, approved by the US FDA in 2024, enables a convenient and straightforward dosing regimen (twice daily for 14 days) while providing rapid and sustained relief of inflammation and pain. In a US survey of 100 ophthalmic surgeons, rapid resolution of pain (~80% pain-free four days post-surgery) and low incidence of adverse events (<2%) were highlighted as key drivers to prescribing APP13007. The licensing territory is estimated to have approximately 250,000 cataract surgeries annually with anticipated YOY growth.[5]

“We are grateful Arrotex has chosen to partner with Formosa Pharma, recognizing APP13007 as a worthy addition to their vast and innovative portfolio of therapeutics. Arrotex’s unrivaled sales distribution force and pharmacy access will ensure APP13007’s availability to patients recovering from ocular surgery,” said Erick Co, President and CEO of Formosa Pharmaceuticals.

“This agreement with Formosa Pharmaceuticals strengthens our expanding portfolio in specialist care and reinforces our ambition to deliver meaningful innovation to patients. As Australia’s partner in health, we will leverage our national ophthalmology footprint and unique infrastructure to ensure APP13007 reaches the people who need it most across the broad ecosystem. We look forward to working with Formosa to expand access and support patients and clinicians across Australia and New Zealand,” said Matt Zeller, CEO of Arrotex Pharmaceuticals.

About Formosa Pharmaceuticals, Inc.

Formosa Pharmaceuticals, Inc. (6838.TW) is a clinical stage biotechnology company with primary focus in the areas of ophthalmology and oncology. The company’s proprietary nanoparticle formulation technology (APNT®), through which APP13007 was developed, improves the dissolution and bioavailability of APIs for topical, oral, and inhaler administration. Resulting formulations have high uniformity, purity, and stability, thereby allowing the utilization of poorly soluble or extremely potent drug agents which otherwise may face insurmountable challenges in delivery and penetration to target tissues. For more details about Formosa Pharma and APNT®, visit www.formosapharma.com.

About Arrotex Pharmaceuticals Pty Ltd.

Proudly Australian owned, Arrotex Pharmaceuticals is Australia’s largest and most diversified pharmaceutical company, offering the most extensive range of prescription medicines across therapeutic areas. We are committed to ensuring timely, sustainable, and affordable healthcare solutions that enhance patient outcomes and support healthcare providers. With unmatched expertise in pharmacy and healthcare, Arrotex continues to invest in Australia’s healthcare ecosystem, delivering trusted medicines, innovative programs, and strategic partnerships that create real value for patients, healthcare providers, and partners. For more details about Arrotex, visit www.arrotex.com.au.

References: 

1. IQVIA MAT Dec 2025, Prescription SKUs 
2. PBS Expenditure and Prescriptions report 1 July 2024 to 30 June 2025 2.Table 12(c): Top 20 Responsible Persons by Total PBS Prescriptions, 2024-25. 
3. IQVIA MAT Dec 2025. 
4. Data on file. 
5. Australian Commission on Safety and Quality in Health Care. Second Australian Atlas of Healthcare Variation 2017, Chapter 4.6: Cataract surgery hospitalisations 40 years and over. https://www.safetyandquality.gov.au/publications-and-resources/resource-library/australian-atlas-healthcare-variation-2017-46-cataract-surgery-0, accessed 18 February 2026.   
PRESCRIPTION-004901. Date of Preparation: February 2026.

 

FROM FRAGILE TO IN-CONTROL, YOUI RESEARCH REVEALS AUSSIES CHOOSE FINANCIAL FITNESS AMID PRICE HIKES

SIPPY DOWNS, Australia, Feb. 23, 2026 /PRNewswire/ — As Australians head into the new year determined to get on top of their finances, new research* has revealed just how fragile many household budgets have become, particularly during times of inflation and interest rate hikes. 

According to a new survey conducted by Australian insurance provider Youi, more than 2 in 5 (42%) Australians say their financial situation has worsened in the past two years –two thirds (66%) admit they are only just scraping by, struggling with debt, and would struggle if hit with an unexpected cost.

The findings show cost-of-living pressures are biting hard, with 62% feeling the squeeze daily or most days and that financial stress has negatively affected their mental (34%) or physical health (26%). 

Despite the pressure, the data reveals a shift in mindset. Nearly one third of Aussies (30%) say their finances have actually improved, largely due to tighter budgeting and cutting back on non-essentials like dining out and entertainment. 

But significant pain points remain. Monthly bills (47%), grocery costs (44%), and the growing need to dip into savings (31%) are the top financial stresses continuing to drag Australians down.    

To help alleviate the pressure, Youi has launched the Youi Financial Fitness Calculator, designed to help Australians build their financial knowledge and track their spending during challenging times.

The pressures behind the squeeze

Youi’s research shows financial stress is being driven largely by rising everyday expenses rather than discretionary spending. 91% cite increased costs for essentials such as groceries and fuel as a key contributor to financial stress, followed by unexpected bills (58%) and higher household costs like childcare (37%). The findings reflect a broader economic trend with the latest ABS Consumer Pricing Index, showing housing (+5.5%), food (+3.4%), and recreation (+4.4%) as the largest contributors to annual inflation**.

The financial pressure is extending beyond the hip pocket, with more than 1 in 3 reporting impacts on their sleep (35%), social life (33%), and nutrition (25%). 

The research also shows confidence in external support is fractured, reinforcing the sense that many Australians feel they are largely on their own when it comes to managing rising costs. Nearly 6 in 10 (59%) believe governments should be doing more to support households, while a third (33%) say individuals must take primary responsibility for their financial security. 

Youi Chief Customer Officer, Anthony Antonucci said Australia’s intentions are clear for the year ahead – to get our finances into better shape.

“Aussies are under real pressure, but we’re seeing a shift from reacting to costs to protecting what matters most,” Anthony said. 

“Youi’s new Financial Fitness Calculator is designed to help Aussies take the first step towards reclaiming their financial confidence and working towards their financial goals in 2026.

“Our research shows that almost 80% of Australians review their insurance spending annually, which is a great start, but far fewer, less than 40%, say they are likely to review or switch their insurance provider in the next 12 months. Many could be missing savings simply by not shopping around or comparing their options. With budget pressures impacting most households, affordability without compromising on your cover should be a priority. Take a look closely at your policy and make sure your insurance still fits your needs and budget,” he said.

The changing shape of goals and trade-offs

According to the data, rising costs are reshaping long-term aspirations. The Australian dream is impacted, with almost half of respondents (46%) believing they may never be able to afford a home of their own, and a further 11% stating that home ownership won’t be possible for them within the next 10 years. Only 5% feel confident that they could purchase a home in 2026.

Looking ahead, Australians’ biggest financial concerns for 2026 are managing daily expenses (61%), housing costs (39%) and savings levels (36%). 

When reassessing spending, Australians are prioritising protection over convenience. Insurance (16%) and gym memberships (17%) are among the expenses that are least likely to be axed, while discretionary spending is the first area households are willing to wind back. 

From pressure to priority: what Aussies want in 2026

Of the almost one third (30%) of Aussies that say their finances improved over the past two years, almost half (44%) said they achieved this by cutting expenses and budgeting. An additional 40% did so by changing their spending habits, while 36% said they became more organised.

Looking to 2026, the top financial goals are building savings (24%), reducing expenses (20%) and increasing income (13%). 

Economic Futurist and Behavioural Economist, Evan Lucas said financial pressure is reshaping how Australians think about money and wellbeing.

“Households are under strain, but they’re becoming more deliberate and vigilant with their money to protect what matters most. The key to staying on top of your money is to know where it’s going – turn your reviews of fixed costs like phone, energy and internet, into a regular habit. Exercising discipline here can help identify potential areas of savings,” Evan said. 

“Oftentimes people sign up for a service, and neglect to check whether there are cheaper options out there, a mistake that could be costing you. Moving away from ‘set and forget’ and regularly reviewing fixed costs is one of the simplest ways to build financial strength. 

“Youi’s new Financial Fitness Calculator is designed to help Aussies take the first step towards reclaiming their financial confidence and working towards their financial goals in 2026, whether that’s building your emergency fund or saving towards a house deposit.” 

Practical steps Australians can take now, according to Evan Lucas:

  1. Schedule regular reviews of bills, subscriptions, services and credit cards to avoid ‘set and forget’ spending.
  2. Automate savings so a portion of every pay goes straight into a dedicated account.
  3. Prioritise paying down debt to reduce interest costs and lower financial stress.
  4. Use tools such as Youi’s Financial Fitness Calculator and resources to calculate spending, identify savings opportunities and stay focused on goals.

For more information on the survey or to learn more about how to better manage your finances in 2026, visit here

References 

* Research conducted by Dentsu Intelligence in January 2026 with a sample size of 2,012 Australians. 

**Australian Bureau of Statistics, Consumer Price Index, released 28 January 2026, reference period December 2025. 

Disclaimer:  *Data for the Youi Financial Fitness study was sourced from a survey conducted by Dentsu Intelligence from 1 January 2026 to 15 January 2026, involving 2,012 individuals aged 18 years old and above, from all states and territories within Australia. Some percentages have been rounded to the nearest whole number. Survey results have not been independently verified by Youi and may not be representative of the general population. Youi makes no representation or warranty of any kind of the accuracy, adequacy, reliability, or completeness of the data and accepts no liability for any loss or damage of any kind suffered as a result of the use of or reliance on the data. Individual experiences may vary.  

The information provided in this Media Release contains general advice about our products only. It has been prepared without taking into account any person’s particular objectives, financial situations or needs. Premiums and savings subject to rating, underwriting, and individual circumstances. Products issued by Youi Pty Ltd. You should read the relevant Product Disclosure Statement and Target Market Determination, which contains full details of conditions, limitations and exclusions and consider whether the product is appropriate to you before making any decisions about whether to buy or continue to hold a policy.

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