Singapore, 09 October 2008 - Singapore Press Holdings (SPH) once again bagged the Most Transparent Company Award at the SIAS Investors’ Choice Awards 2008 held this evening at the Raffles Ballroom, Raffles City Convention Centre.
This year’s Best Financial Journalist of The Year Award went to Ng Hwee Min, Lianhe Zaobao’s senior correspondent. Journalist Chew Xiang and senior correspondent Kalpana Rashiwala from The Business Times were awarded Most Promising Journalist of the Year and a Special Award respectively.
The awards presentation dinner was graced by Guest-of-Honour Mr S. Iswaran, Senior Minister of State for Trade and Industry.
CEO Alan Chan said: "Our successive winning of the Most Transparent Company Award for several years reflects an endorsement of our consistency in being able to meet SIAS’ key criteria for the award, such as timeliness, substantiality and clarity of news release, degree of media access, frequency of corporate results, availability of segmental information and communication channel. It is an achievement we are very pleased with.
"Our editorial colleagues have also consistently done us proud by clinching various journalist awards year after year. It is good testimony of our publications’ high quality of reporting. I congratulate our three winning correspondents," added Mr Chan.
SIAS, a non-profit organisation, is the largest investor lobby group in Asia, with almost 66,000 retail investors as members. It actively promotes Investor Education, Corporate Transparency and Corporate Governance and is the watchdog for Investor rights. It launched the ’Most Transparent Company Award’ in 2000 to encourage public-listed companies to be more transparent so as to help investors make informed decisions on their investments.
As retail investors have to rely largely on the media for financial information to guide their investment decisions, SIAS introduced the awards for journalists in 2001 to encourage more accurate and useful financial reporting to help small investors.
Commenting on Lianhe Zaobao’s win, Associate Business Editor David Poh said: “Ms Ng Hwee Min is a dedicated journalist with a wide network of property contacts and strong analytical ability. She is able to bring forth penetrating insights much to the benefit of local property buyers. Her commendable work ethic is recognised by both her colleagues and superiors.”
Said Lilian Ang, News Editor of The Business Times: "For a young reporter with barely a year’s experience, Chew Xiang shows remarkable resourcefulness and initiative in his work. He is sharp, street-wise, situationally aware, and has a way with sources. He is definitely a young journalist with a lot of promise.’’
On Kalpana Rashiwala’s winning of the Special Award, Lilian said: “Kalpana enjoys a solid reputation for both the breadth and depth of her coverage of property news. Property veterans rate her highly for her professionalism, her ability to break stories, her understanding of the market, and the very thorough research she does for her pieces.”
The Investors´ Choice Awards are endorsed and supported by the Singapore Exchange, Standard & Poors, PricewaterhouseCoopers, Singapore Institute of Directors, Institute of Certified Public Accountants Singapore, Singapore Society of Financial Analysts, Asian Corporate Governance Association, and The Business Times.
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About Singapore Press Holdings Ltd
Newspapers and Magazines
Main board-listed Singapore Press Holdings Ltd (SPH) is the leading media company in Singapore, delivering news and information through print, Internet and broadcasting platforms. In Singapore, it publishes 17 newspapers in four languages. Every day, 2.9 million individuals or 81 percent of people above 15 years old, read one of SPH’s news publications. SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology.
Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 150 million pageviews with 9 million unique visitors every month. Apart from SPH AsiaOne portal, SPH’s online and new media initiatives include a revolutionary mobile advertising and information service, ZapCode; online marketplace for products, services and employment, ST701; local search and directory engine, rednano.sg; STOMP (Straits Times Online Mobile Print), a portal that connects, engages and interacts with readers on the Web and via mobile phone messaging; omy, a bilingual news and interactive portal and The Straits Times RazorTV, a free access interactive webcast service offering live chat shows and video on demand clips.
SPH has a 20 percent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8, U and TV Mobile, and a 40 percent stake in MediaCorp Press Pte Ltd, which publishes the free newspaper, Today. In the radio business, SPH has a 80 percent stake in SPH UnionWorks Pte Ltd, which operates entertainment stations Radio 100.3 FM in Mandarin and Radio 91.3 FM in English.
In addition, SPH has ventured into outdoor advertising through its wholly-owned subsidiary, SPH MediaBoxOffice Pte Ltd, Singapore´s largest outdoor motion display advertising network media company, and a 35 percent stake in TOM Outdoor Media Group, a leading outdoor advertising company in China.
SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore’s main shopping belt. SPH’s wholly-owned subsidiary, Times Development Pte Ltd, is also developing a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.
Visit www.sph.com.sg for more information.