Frasers Property H1 profit rises 147.6% to S$142.2 million on one-off tax reversal

Frasers Property H1 profit rises 147.6% to S2.2 million on tax reversal

[SINGAPORE] Higher contributions from residential projects in Singapore, as well as a one-off reversal of tax provisions, pulled up Frasers Property’s first-half earnings – but the group said it will continue zeroing in on optimising capital efficiency. Speaking at an earnings briefing on Friday (May 9) morning, Frasers group chief executive Panote Sirivadhanabhakdi said: “The…

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Luxury labels ditch steep China discounts to rebuild brand value

Luxury labels ditch steep China discounts to rebuild brand value

[HONG KONG] Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy shoppers whose spending remains less affected by the economic slowdown. None of the products sold by Kering’s Balenciaga on Tmall, China’s dominant e-commerce platform, were discounted in the first quarter of…

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Paramount beats estimates as streaming results pick up

Paramount beats estimates as streaming results pick up

[NEW YORK] Paramount Global, the parent of CBS and MTV, reported first-quarter results that beat analysts’ estimates, reflecting the improving performance of its Paramount+ streaming platform. Revenue totalled US$7.19 billion, the New York-based media company said on Thursday (May 8), exceeding the US$7.10 billion Wall Street was estimating. Excluding some items, earnings amounted to 29…

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ACM Awards 2025 Winners: Complete List

ACM Awards 2025 Winners: Complete List

But they weren’t the only performers slated to hit the stage on country music’s big night. After all, the line-up also included Backstreet Boys, Blake Shelton, Miranda Lambert, Jelly Roll, Kelsea Ballerini, Shaboozey, Rascal Flatts and Eric Church.  And if there weren’t enough star power already, the list of presenters were just as packed with…

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