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Singapore Press Holdings placed 5th in Governance and Transparency Index

SINGAPORE, 16 April 2010 – Singapore Press Holdings (SPH) has been placed 5th for this year’s Governance and Transparency Index (GTI). This is a marked improvement from its 24th position last year.

The GTI, which ranks all companies listed on the Singapore Exchange on their governance standards, financial transparency and investor relations, was launched by The Business Times and the National University of Singapore’s Corporate Governance and Financial Reporting Centre in November 2008. It is sponsored by CPA Australia and supported by the Investment Management Association of Singapore.

The award ceremony was held at the CPA Forum at the Swissotel Stamford today. Mr S Iswaran, Senior Minister of State for Trade & Industry and Education, was the Guest of Honour.

Mr Alan Chan, SPH’s Chief Executive Officer, said: “We are pleased with our improved ranking in this year’s Governance and Transparency Index. Having rigorous governance and transparency standards make good business sense as we continue to engage our stakeholders and win their confidence. These traits are also critical to the success of SPH and have helped us weather the recent economic downturn."

Issued by Singapore Press Holdings Ltd
Co. Regn. No. 198402868E

For media enquiries, please contact:

Chin Soo Fang (Ms) 
Corporate Communications Division 
Singapore Press Holdings 
DID: 6319 1216 
HP: 9688 6209 

Yeo Siew Chi (Mr)
Assistant Manager
Corporate Communications Division
Singapore Press Holdings
DID: 6319 1586
HP: 9749 5105

About Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) celebrated its 25th anniversary in 2009. It is Southeast Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.

Newspapers and Magazines
In Singapore, SPH publishes 17 newspaper titles in four languages. Every day, 3 million individuals or 79 per cent 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 225 million pageviews with 14 million unique visitors every month. Apart from SPH AsiaOne portal, SPH's online and new media initiatives include an online marketplace for products, services and employment, ST701; local search and directory engine,; 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 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8, U and TV Mobile, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today. In the radio business, SPH has an 80 per cent stake in SPH UnionWorks Pte Ltd, which operates entertainment stations Radio 100.3 in Mandarin and 91.3FM in English.

Outdoor Advertising
In addition, SPH has ventured into out-of-home (OOH) advertising through its wholly-owned subsidiary, SPH MediaBoxOffice Pte Ltd, Singapore’s largest outdoor motion display advertising network media company.

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.