· SPH also received Merit award in the Singapore Corporate Governance Award, under the Diversity category
· Four SPH journalists recognised for their excellence in financial reporting
Singapore, 30 September 2016 – Singapore Press Holdings (SPH) is the winner of the Most Transparent Company Award in the “Consumer Discretionary” category at the SIAS 17th Investors' Choice Awards 2016. With this latest accolade, SPH has now won this award 12 times and was a runner-up for four times. This award is given to listed companies that have been transparent and have helped investors make informed decisions. SPH also clinched a Merit award in the Singapore Corporate Governance Award (Diversity category), which recognises excellence in promoting diversity of boards of directors amongst SGX-listed companies. The shortlisted companies are chosen based on percentage of independent and female directors and breadth of experience and background of directors. The two awards were received by SPH Deputy CEO Mr Anthony Tan. Ms Indranee Rajah, Senior Minister of State, Ministry of Finance and Ministry of Law, was the event’s Guest-of-Honour, which was held at Mandarin Orchard Singapore this evening.
Mr Alan Chan, Chief Executive Officer of SPH, said: “These awards attest to the importance SPH places on corporate governance and transparency. We are committed to helping the investors understand our operations and strategies through regular communication to sustain their trust and support. I am also very proud of our award-winning journalists who have consistently shown our high editorial standards. Their achievements in financial reporting underline their dedication and professionalism to the investment community.” The four SPH journalists who received awards for their excellence in financial reporting are:
1) Mr Kenneth Lim (Senior Correspondent, The Business Times) - Financial Journalist of the Year2) Ms Melissa Tan (Correspondent, The Business Times) - Financial Story of the Year (on the corporate governance failure at SingPost)3) Ms Marissa Lee (Journalist, The Straits Times) - Most Promising Journalist of the Year4) Ms Lorna Tan (Invest Editor & Senior Correspondent, The Straits Times) - Investor Education Journalist of the YearThis is the second award for Mr Kenneth Lim. He won a special award in 2013 for his coverage of the day’s then-trending issues such as the penny stock saga to Thai tycoon Charoen Sirivadhanabhakdi’s takeover of Fraser & Neave.This is the fourth award for Ms Lorna Tan. She was a joint-winner of the Financial Journalist of the Year award in 2007. She won for Financial Story of the Year in 2005 and clinched a special award in 2003. Ms Melissa Tan and Ms Marissa Lee are both first-time award recipients.Mr Wong Wei Kong, Executive Editor, The Business Times, said: “From scoops to exclusive conversations with leading players to data and visual story-telling, Kenneth brings a formidable array of skillsets to his coverage of the Singapore market. Just what you need as the market here evolves rapidly in the face of disruption and technology changes."He added: “Melissa's work in uncovering the board and management weaknesses at SingPost over many months has, in no small measure, helped advance the cause of corporate governance in Singapore. It is also a great example of impactful financial journalism.”Ms Lee Su Shyan, Business Editor, The Straits Times said: “Marissa is a confident and versatile reporter, regularly writing on the economic and investment outlook. Not afraid of asking difficult questions, Marissa has the potential to grow into a strong corporate reporter." She added: “With a career in financial journalism spanning more than 12 years, Lorna has built up a deserved reputation for her insightful and well-researched articles, and contribution to investor/consumer education. The articles range from money management, loans, insurance, investments to consumer protection and financial scams. Since her return to The Straits Times, Lorna has brought added depth to our coverage of retirement issues even as the need to prepare for retirement has grown more urgent in recent years. During the past year, there have been many policy changes to the CPF scheme, Medishield scheme as well as important developments in the retail bonds sector. Lorna's articles have explained the changes simply and clearly. She has explained how Singaporeans can best take advantage of the enhancements and changes. In addition, Lorna has done a lot of work on the investor education front, highlighting potential financial scams as well as trends on mis-selling of bancassurance products and rising fake travel insurance claims.”Issued by Singapore Press Holdings Ltd Co. Regn. No. 198402868EYeo Siew Chi (Mr)
Corporate Communications & CSR Division
Singapore Press Holdings Ltd
DID: 6319 1586
Email: email@example.comAbout Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.
The English/Malay/Tamil Media group comprises the print and digital operations of The Straits Times, The Business Times, The New Paper, Berita Harian, My Paper (English section) and their respective student publications. It also includes subsidiaries Tamil Murasu Ltd, which publishes Tamil Murasu and tabla!; book publishing arm Straits Times Press; SPH Data Services, which licenses the use of the Straits Times Index in partnership with the Singapore Exchange and FTSE-Russell Ltd; financial data company ShareInvestor; and the two English stations of SPH Radio - Kiss92 and ONE FM 91.3.
The Chinese Media group publishes three Chinese newspapers in print and digital format - Lianhe Zaobao, Lianhe Wanbao and Shin Min Daily News; four student weeklies - zbCOMMA, Thumbs Up, Thumbs Up Junior and Thumbs Up Little Junior, ZBBZ Newsgazine and My Paper (Chinese section). It also operates SPH Radio's Chinese radio station, UFM100.3, and Focus Publishing, which produces a range of books and magazines including U-Weekly.
SPH's other new media initiatives include AsiaOne, Stomp, zaobao.sg, omy.sg and SPH Razor.
On an average day, 2.4 million* individuals or 58 per cent of people above 15 years old, read one of SPH's news publications in print copies or one of our digital platforms. (* Nielsen Media Index 2015, Monday-Sunday, read any SPH newspapers in print or digital format)
SPH Magazines, SPH's wholly-owned subsidiary, publishes and produces more than 100 magazine titles and has various online sites, like hardwarezone.com, herworldplus.com and luxuryinsider.com in Singapore and the region, covering a broad range of interests from lifestyle to information technology. It has also invested in digital newsstand Magzter.
SPH also provides out-of-home (OOH) advertising options where it manages large format screens and static billboards at key locations in the Central Business District, Orchard Road, City Fringe as well as major heartland hubs.
SPH Buzz is a modern retail convenience chain with a network of stores around the island.
SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.
SPH REIT is a Singapore-based REIT established to invest in a portfolio of income-producing real estate primarily for retail purposes. SPH REIT comprises Paragon, a premier upscale retail mall and medical suite/office property in Orchard Road and The Clementi Mall, a mid-market suburban mall in the centre of Clementi town.
The Seletar Mall, located in Sengkang, is SPH's latest retail development. This property is a potential asset to be injected into SPH REIT. SPH’s wholly-owned subsidiary, Times Development Pte Ltd, also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.
SPH’s online classifieds include the leading online marketplace for jobs (STJobs, FastJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds,Trezo), sgCarMart and StreetSine.
SPH's regional joint venture online classified business has a number of leading online classified sites in the region.
Events and Exhibitions
Sphere Exhibits, Sphere Conferences, Exhibits Inc and Bizlink Exhibition Services organise innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region.
SPH has a 22 per cent stake in preschool and enrichment provider MindChamps.
For more information, please visit www.sph.com.sg.