Latest news with #Raffles
South Wales Argus
2 days ago
- Business
- South Wales Argus
Aldi own-brand Aperini is less than half the price of Aperol
The aperitif was awarded gold at the World Liqueur Awards, and at £6.99 for 70cl is 60% cheaper than Aperol. The supermarket is also celebrating English Wine Week with the launch of its Bowler & Brolly x London Cru Pét-Nat, a premium sparkling wine crafted from English grapes. Available in stores from today, at £12.99 a bottle, this exclusive boutique-style wine offers shoppers a unique opportunity to enjoy premium English winemaking. Bowler & Brolly x London Cru Pét-Nat is made in collaboration with London Cru, London's first urban winery. Known for supplying wines to some of London's most prestigious hotels and restaurants such as Raffles and The Dorchester Collection, London Cru brings its expertise to Aldi shelves. Crafted from a blend of Reichensteiner, Pinot Noir, Pinot Meunier, Chardonnay and Bacchus, this sparkling wine delivers bright apple notes, zesty citrus flavours and fine bubbles. The wine is bottled unfiltered and unfined, meaning it's undergone minimal processing. Recommended reading: Julie Ashfield, chief commercial officer at Aldi UK, says: "We're thrilled to bring Bowler & Brolly x London Cru Pétillant Naturel to our shelves for English Wine Week. This exclusive sparkling wine showcases the very best of English winemaking - premium quality, innovation, and incredible value.' Alex Hurley, Winemaker at London Cru, adds: 'The Bowler and Brolly x London Cru Pét-Nat has been an incredibly exciting project for us, one where we've truly enjoyed bringing a value-driven English sparkling across UK and Ireland. 'Collaborating with Aldi gives us the chance to share our boutique London-made craft wines with a broader audience while staying true to our playful character. This unfiltered, unfined Pét-Nat is a celebration of English grapes and made with summer sipping firmly in mind."
Yahoo
4 days ago
- Business
- Yahoo
Raffles Financial Group Shareholders Update, June 24, 2025
Completion of audit for the financial year ended June 30, 2021, 2022, 2023 & 2024 and Disclosure of key audited financial information Singapore, Singapore--(Newsfile Corp. - June 24, 2025) - Raffles Financial Group Limited (CSE: RICH) ("Raffles", "RFG", the "Company" and together with its subsidiaries collectively as the "Group") This is to give shareholders an update on the development of the Company. Further to our news release dated May 29, 2025, we are pleased to announce that our Auditor HML PLT has completed the financial audits and issued the audit reports for all the outstanding financial years ended June 30, 2021 to 2024 (the "FY2021 - FY2024") to the Board. The audit reports for FY2021 - FY2024 all contain unqualified audit opinions. This represents that our consolidated financial statements presented fairly, in all material respects, the consolidated financial position of the Company and its consolidated financial performance and its consolidated cash flows for the respective financial years then ended in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. The Board is confident that these unqualified audit reports ensure Raffles complies fully with the CSE's and other stock exchanges' listing requirements. We have uploaded the (i) full audit reports and (ii) management discussion and analysis (MD&A) reports for FY2021 - FY2024 to the Company's website for shareholders' information. Shareholders may access the documents at the following links: Audit Reports: MD&A: We are now working with various professionals to prepare an application for the release of the Cease Trade Order and trading resumption of the Company shares on the CSE and OTCQB. In the meantime, we are working on the necessary documents and procedures for the filings of the audited financial statements on SEDAR Plus and the CSE disclosure sites. The Board wishes to present the following selected audited financial information and summary of management discussion and analysis for FY2021 - FY2024 to our shareholders; Selected audited financial information FY2024S$ FY2023S$ FY2022S$ FY2021S$ FY2020S$Revenue- - - 4,999,880 8,866,672(Loss)/Income before other items and income tax expenses(550,666 )(514,043 )(1,460,345 )2,687,784 7,301,229Net income/(loss)17,112,388 2,372,344 (3,959,018 )(4,255,859 )(425,229 ) Comprehensive income/(loss)17,591,338 (757,005 )(8,707,657 )(10,007,985 )4,494,115Basic and diluted earnings/(loss) per share0.34 0.05 (0.08 )(0.08 )(0.05 ) Total assets37,317,262 19,197,755 24,570,045 30,894,168 34,730,979Current liabilities1,089,540 561,371 3,068,675 3,056,746 2,245,032Non-current liabilities- - 2,107,981 2,107,981 1,258,001 Revenue: For the financial period ended June 30, 2021: The revenue decreased from S$8,866,672 in FY2020 to S$4,999,880 in FY2021, which was attributable to the below factors: (i) the COVID-19 pandemic which caused travel restrictions and shutdowns that delayed and suspended the delivery of our advisory and licensing services, and created difficulties for the Company in serving clients in most of the major cities the Company was operating including, among others, China, Hong Kong and Singapore; (ii) suspension in Finlass licensing service with several PRC clients (the Regional Representative) in prior period FY2020 pursuant to force majeure clause in response to the COVID-19 outbreak in 2020. The Company had agreed with them to suspend the contracted licensing services since January 2020 to date. The COVID-19 outbreak had resulted in a significant impact not only on the Company itself but also the Company's clients in PRC, as they had been hindered from performing their obligations under their service agreements due to the market recession and slow recovery after the COVID-19 outbreak. For the financial period ended June 30, 2022, 2023 & 2024: There was no revenue recorded for the years under review, which was attributable to the below factors: (i) the COVID-19 pandemic which caused travel restrictions and shutdowns that delayed and suspended the delivery of our advisory and licensing services, and created difficulties for the Company in serving clients in most of the major cities the Company was operating including, among others, China, Hong Kong and Singapore; (ii) the COVID-19 outbreak had resulted in a significant impact not only on the Company itself but also the Company's clients in PRC, as they had been hindered from performing their obligations under their service agreements due to the market recession and slow recovery after the COVID-19 outbreak; (iii) the cease trade order in place affected the confidence of the client. Total Comprehensive Income/loss: For the financial year ended June 30, 2021: The total comprehensive loss for the year was S$10,007,985 compared with the total comprehensive income of S$4,494,115 in FY2020, which was attributable mainly to the impairment loss on other receivables and unrealised loss on financial assets at fair value through other comprehensive income. For the financial year ended June 30, 2022: The total comprehensive loss for the year was S$8,707,657 compared with S$10,007,985 in FY2021, which was attributable mainly to the impairment loss on other receivables and unrealised loss on financial assets at fair value through other comprehensive income. For the financial year ended June 30, 2023: The total comprehensive loss for the year was S$757,005 compared with S$8,707,657 in FY2022, which was attributable mainly to the loss on foreign currency translation and unrealised loss on financial assets at fair value through other comprehensive income, which were offset by the gain of S$3,461,812 on disposal of 100% equity interest in a subsidiary - Raffles Financial Private Limited ("RFPL"). For the financial year ended June 30, 2024: The total comprehensive income for the year was S$17,591,338 compared with the total comprehensive loss of S$757,005 in FY2023, which was attributable mainly to the gain arising from the derecognition of financial assets measured at amortised costs of S$17,228,141. It pertained to the transfer of deposit in term of public listed share. The fair value of the shares at the date of reclassification was S$36,247,421, resulting in the gain of S$17,228,141 recognised in profit or loss on the derecognition of the financial asset previously measured at amortised cost. Total Assets: As at June 30, 2021: The Company recorded a decrease in the current assets from S$34,730,979 as at June 30, 2020 to S$30,894,168 as at June 30, 2021, attributable to the decrease in investment in equity securities by S$5,213,729 compared with June 30, 2020. The decrease was partially offset by the increase in the trade and other receivables by S$576,881. As at June 30, 2022: The Company recorded a decrease in the current assets from S$30,894,168 as at June 30, 2021 to S$24,570,045 as at June 30, 2022, mainly attributable to (i) the decrease in investment in equity securities by S$4,650,786 compared with June 30, 2021, (ii) the decrease in other receivables by S$1,205,120, and (iii) the decrease in cash balance by S$403,126. As at June 30, 2023: The Company recorded a decrease in the current assets from S$24,570,045 as at June 30, 2022 to S$19,197,755 as at June 30, 2023, mainly attributable to (i) the decrease in investment in equity securities by S$3,090,268, and (ii) the decrease in other receivables, prepaid expenses and deposit by S$2,068,912. As at June 30, 2024: The Company recorded an increase in the current assets from S$19,197,755 as at June 30, 2023 to S$37,317,262 as at June 30, 2024, mainly attributable to (i) the increase in investment in equity securities by S$37,311,314, partially offset by (ii) the decrease in prepaid expenses and deposit by S$19,100,546. Current and non-current liabilities: As at June 30, 2021: The current liabilities of the Company as at June 30, 2021 comprised of accrued liabilities of S$278,959, other payable of S$794,417 which were amounts due to directors and amount due to a joint venture, and an income tax payable of S$1,983,370. The non-current liabilities of the Company as at June 30, 2021 were S$2,107,981, pertaining to a provision of deferred income tax liabilities in connection to unremitted foreign income. The Company recorded an increase in the total liabilities from S$3,503,033 as at June 30, 2020 to S$5,164,727 as at June 30, 2021, attributable to the increase in accrued liabilities and other payables, and deferred income tax liabilities. The increase in accrued liabilities and other payables from S$215,952 as at June 30, 2020 to S$1,073,376 as at June 30, 2021 was due to the payment of various operating expenses by the Directors on behalf of the Company and a fund advanced from a joint venture company during FY2021. As at June 30, 2022: The current liabilities of the Company as at June 30, 2022 comprised of accrued liabilities of S$348,444, other payable of S$610,941 which were amounts due to a director, and an income tax payable of S$2,109,290. The non-current liabilities of the Company as at June 30, 2022 were S$2,107,981, pertaining to a provision of deferred income tax liabilities in connection to unremitted foreign income. The Company recorded a slightly increase in the total liabilities from S$5,164,727 as at June 30, 2021 to S$5,176,656 as at June 30, 2022, attributable to the increase in income tax liabilities. The increase in income tax liabilities from S$1,983,370 as at June 30, 2021 to S$2,109,290 as at June 30, 2022 was due to the additional provision of income tax liabilities arising from the receipt of foreign income during FY2022. As at June 30, 2023: The current liabilities of the Company as at June 30, 2023 comprised of accrued liabilities of S$386,597, borrowings of S$164,220 and other payable of S$10,554 which were amounts due to a director. The Company recorded a significant decrease in the total liabilities from S$5,176,656 as at June 30, 2022 to S$561,371 as at June 30, 2023, attributable to the decrease in accrued liabilities and income tax liabilities. The decrease in income tax liabilities from S$2,109,290 (current portion) and S$2,107,981 (non-current portion) as at June 30, 2022 to Nil as at June 30, 2023 was due to the disposal of the subsidiary RFPL during FY2023 which held those liabilities. As at June 30, 2024: The current liabilities of the Company as at June 30, 2024 comprised of accrued liabilities of S$853,196, other payable of S$19,053 which were amounts due to a director and borrowings of S$217,291. The Company recorded an increase in the total liabilities from S$561,371 as at June 30, 2023 to S$1,089,540 as at June 30, 2024, attributable largely to the increase in accrued liabilities About Raffles Financial Group Limited (CSE: RICH) Raffles Financial Group is listed on the Canadian Securities Exchange Purchasable under the stock symbol (CSE: RICH). On behalf of the RFG Board of Directors Monita Faris Corporate Secretary Phone: +1 604-283-6110Email: monita@ Website: The CSE has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the Canadian Securities Purchase nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Purchase) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute "forward-looking statements'' or "forward-looking information" (collectively "forward-looking information") as those terms are used in Canadian securities laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
20-06-2025
- Business
- Associated Press
Galaxy Macau Celebrates an Array of Award Wins Ranking it Macau's Most-Awarded Luxury Resort
Travel + Leisure Luxury Awards Asia Pacific 2025 and Tatler Best Hong Kong and Macau Awards 2025 Recognise Galaxy Macau with Top Honours MACAU SAR - Media OutReach Newswire – 20 June 2025 - Galaxy Macau™ ('Galaxy Macau') the World-class Luxury Resort, celebrates a glittering array of award wins in the Travel + Leisure Luxury Awards Asia Pacific 2025, and the Tatler Best Hong Kong and Macau Awards 2025. Galaxy Hotel secured the No. 1 ranking within the 'Best Hotels in Macau' category. Galaxy Macau has received multiple accolades at the Travel + Leisure Luxury Awards Asia Pacific 2025. With Galaxy Macau garnering a total of 20 awards at the Tatler Best Hong Kong and Macau Awards 2025 in a standout show of industry recognition. Galaxy Macau and four of its distinguished hotels, including Galaxy Hotel™; Banyan Tree Macau; Andaz Macau and Raffles at Galaxy Macau, have been recognized across five award categories in the Travel + Leisure Luxury Awards Asia Pacific 2025, as a testament to exceptional hospitality, unparalleled design, and unforgettable guest experiences. The editors, expert contributors and readers at Travel + Leisure, were generous in their praise, bestowing a suite of top honours. With Galaxy Hotel crowned the 'Best Hotel in Macau', reaffirming its dedication to best-in-class excellence, Banyan Tree Spa Macau secured the top spot for the 'Hotel Spas in Macau' category for the third consecutive year. With Ms. Joanne Chan of Banyan Tree Macau, ranked best-in-class in the 'Hotel General Managers of the Year' category for her standout dedication to guest experience. Banyan Tree Spa Macau took home the winner's title in the 'Best Hotel Spas in Macau' category for the third year running. Andaz Macau triumphed among the 'Best Hotels in Macau', setting a new benchmark for luxury and service excellence. The Grand Resort Deck at Galaxy Macau, home to the world's longest Skytop Aquatic Adventure River Ride and the world's largest Skytop Wave Pool, led the way for 'Best Hotel Pools' in Macau, reinforcing its leading positioning as the ultimate resort experience in Macau. The stunning pools at Banyan Tree Macau and Raffles at Galaxy Macau also ranked within the top ten on the esteemed list. The Grand Resort Deck at Galaxy Macau won out, clinching the top spot within the 'Best Hotel Pools' in the city category. Banyan Tree Macau also proudly secured its place in the winners' list among the 'Best Hotels in Macau'. Not to be outdone, Andaz Macau shone brightly as one of the 'Best Hotels in Macau' for the second year in a row; with Banyan Tree Macau securing a place on the winner's list for 'Best Hotels in Macau.' Galaxy Macau continued its winning streak, topping four of the five categories in the Travel + Leisure Luxury Awards Asia Pacific 2025 in a testament to exceptional hospitality, design, and guest experience; ranking as the successive 'Best Integrated Resort in Asia Pacific.' These prestigious awards underscore Galaxy Macau's dedication to offering unparalleled luxury and world-class experiences to travelers seeking unforgettable guest experiences that are recognised as second to none. 'We are truly honored to receive these awards from the Travel + Leisure Luxury Awards Asia Pacific 2025 and Tatler Best Hong Kong and Macau Awards 2025,' said Kevin Kelley, Chief Operating Officer (Macau) at Galaxy Entertainment Group. To receive such a raft of accolades is a firm nod to the quality and considered level of impactful hospitality we strive for. The editors, expert contributors and readers at Travel + Leisure were generous in their praise, bestowing on Galaxy Macau a suite of top honors. The expert industry judges at the Tatler Best Hong Kong and Macau Awards 2025 recognised the best-in-class excellence of our restaurants, bars, hotels and teams at Galaxy Macau, as well as StarWorld, with a long list of awards. Our commitment to delivering exceptional luxury service continues apace, as we strive to support the Macau SAR Government's goal of positioning Macau as Asia's leading global tourism and leisure destination.' As Galaxy Macau continues to set new benchmarks in hospitality, these accolades reaffirm its position as Asia's leading luxury resort for discerning travellers seeking the finest, best-in-class accommodation, dining, and entertainment; all in one unparalleled destination. For more information, visit [Galaxy Macau's official website] ( ) Hashtag: #GalaxyMacau The issuer is solely responsible for the content of this announcement. ABOUT GALAXY MACAU INTEGRATED RESORT Galaxy Macau™, The World-class Luxury Integrated Resort delivers the 'Most Spectacular Entertainment and Leisure Destination in the World'. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world's longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate. As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade is the hottest shopping destination featuring the latest in fashion and curated experiences in Macau. Spanning over 100,000-square-meter, luxury flagship stores, lifestyle boutiques and our selection of labels are among the more than 200 world-renowned brands for a world-class shopping journey; Galaxy Cinemas, immersive thrills and luxurious comfort go hand in hand at Galaxy Cinemas. All 10 theaters are equipped with the latest audio-visual technology; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai's golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavours & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff. Galaxy International Convention Center (GICC) is the latest addition to the Group's ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world- class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau. For more details, please visit and
Telegraph
20-06-2025
- Telegraph
Three unique hotels that will elevate your next getaway
With more than 5,600 hotels across the globe, the Accor hotels group is one of the leading experts in delivering world-class hospitality. Its portfolio spans everything from coveted luxury brands such as Fairmont and Raffles to fuss-free and convenient properties designed for the budget-conscious traveller. There's one theme which runs throughout all Accor hotels: they provide memorable experiences to guests, while helping them connect to the traditions and history of their destination. This is why it made complete sense for British Airways Holidays, one of the UK's most trusted tour operators, to offer curated holiday packages to some of the best Accor hotels around the globe. Book your getaway with British Airways Holidays and you can expect a great-value holiday with quality and peace of mind, along with Atol protection from the moment you book, access to a dedicated 24/7 support helpline during your trip and a generous checked baggage allowance per person. These exceptional hotels, carefully selected by British Airways Holidays for their unique style, stories and sense of place, offer the perfect opportunity to enjoy the Accor experience. Fairmont La Hacienda Costa del Sol Located in Spain's southernmost region of Costa del Sol in Andalusia, a premier golf destination that's just 30 minutes from Gibraltar airport, the Fairmont La Hacienda Costa del Sol will steal your heart with its coastal elegance and contemporary Andalusian design. It features two exceptional 18-hole courses – which select guest rooms look onto – plus a scenic links course with seven seaside holes. The property's soothing, neutral-toned (and exceedingly spacious) guestrooms come with beautiful marble bathrooms and dreamy Mediterranean Sea views, while some of the largest suites and 47 standalone villas spoil you further, with plunge pools, fluid indoor-outdoor spaces and serene, secluded gardens. When a pamper session calls, unwind with a bespoke wellness treatment in the natural light-filled spa. If it's culture you're looking for, explore the educational programmes offered to families. You can also try an olive oil tasting or flamenco night via the hotel's bespoke cultural tours. Let's not forget the epicurean excellence you'll find across the property's five culinary venues: whether it's the hotel's Beach Club refreshments or the menu that's been specially designed with a rising Michelin star chef, you'll find Andalusian tradition and seasonal ingredients shining throughout. Raffles Singapore Thank goodness for British Airways Holidays' generous checked luggage allowance, because you'll want to dress to impress at this Singaporean landmark which ranks sixth place in the list of the World's 50 Best Hotels. Its 115 plush suites come with 14ft-high ceilings, teak wood floors and shuttered windows, with some paying tribute to its past illustrious guests by way of curious memorabilia and photos. Its exceptional Raffles butler service provides local insight into the city-state's vibrant neighbourhoods and attractions, and will curate magical moments throughout your stay. The hotel's seven drinking and dining spaces offer everything from Chinese delicacies at Yi by Jereme Leung to avant-garde wood-fire experiences at Butcher's Block. You can also sip a legendary Singapore Sling from its Long Bar or bespoke cocktails that pay tribute to literary luminaries with its intimate Writers Bar. Don't miss the chance to visit its glamorous shops at Raffles Arcade, home to retail concepts such as AP House and Secret Garden by Van Cleef & Arpels. Nor should you miss the rejuvenating body or facial treatments offered from its tranquil Raffles Spa. However you spend your time, this stunning hotel will stay with you long after you leave. 25hours Hotel The Trip From its museum-filled Museumsufer district to its historical Römer town hall, Frankfurt has some fabulous attractions and sights. And this centrally located hotel in the multicultural Bahnhofsviertel neighbourhood – just steps away from the city's main train station and with a fleet of Schindelhauer bikes that you can hire – allows you to reach them all with minimal effort. Within the hotel itself, the fun and quirky design by Michael Dreher and Morgen Interiors begins as soon as you hit the eclectic and colourful lobby. The rooms take you on a journey through the Arctic, mountains and tropics via its design features, including wall maps, expedition photos and globally inspired fabrics. The restaurant, Bar Shuka, takes you on a culinary adventure with its zaatar-seasoned pittas, grilled kebabs and other Middle Eastern-inspired dishes. The Shuka Bar ups the elegance with saké-based drinks and its rooftop obstacle course lures in calisthenics and parkour fans. Sound too energetic? Soak up the city views from its inviting sauna, also on the top-floor. All holidays with British Airways Holidays include a generous checked baggage allowance for each customer and come with full Atol protection for complete peace of mind. Secure your holiday to Fairmont La Hacienda Costa del Sol, Raffles Singapore or 25hours Hotel The Trip with a low deposit and enjoy flexible payments until you fly*. *Full balance is due four weeks before departure for short-haul holidays and seven weeks for long-haul. Subject to availability. T&Cs apply
The Advertiser
16-06-2025
- Lifestyle
- The Advertiser
Learning luxe from my butler: inside Raffles' next-level new property
Ranging from our 211-square-metre one-bedroom villa to the 650-square-metre four-bedroom Royal Villa, each of the 62 spacious (exceptionally so for Singapore) sanctuaries occupy their own walled tropical garden with private pool, canopied daybed and outdoor sofas. Our bedroom, dressing room and bathroom occupy a glass-fronted pavilion while another serves as living room, separating sleep and play (or parents and kids). A stunning botanical wall mural by local artist Andre Wee echoes the real foliage, and you're pampered with numerous extras like Raffles pillow spray and thongs in Raffles' jungle print. Every villa boasts a butler who'll materialise 24/7 at your behest.
