Singapore, 7 October 2009 - Singapore Press Holdings (SPH) has won the Most Transparent Company Award in the Non-Electronics Manufacturing Category for the eighth time at the SIAS Investors’ Choice Awards 2009. The event was held this evening at the Raffles City Convention Centre, with Finance Minister Tharman Shanmugaratnam as the Guest of Honour.
In addition, four SPH journalists were recognised for their editorial excellence:
Among them, Lee Su Shyan has been honoured thrice at the Awards, having won the Financial Journalist of the Year award for two consecutive years in 2004 and 2005.
Teh Hooi Ling has also previously clinched a Special Award in 2005.
Mr Alan Chan, SPH's Chief Executive Officer, said: "SPH is proud to have won the trust of our investors and stakeholders once again. This is an endorsement of our consistency in meeting 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. I would also like to congratulate our journalists for another year of good performance, a testament to the quality journalism which we consistently deliver."
On Francis Chan's win, Mr Han Fook Kwang, Editor of The Straits Times, said: "I'm told that Francis is nicknamed 'Mr Minibond' in investor circles, and that is a moniker well earned. He stayed on top of the story throughout the year, never letting go of it, and what a story it has turned out to be affecting so many people in so many different ways."
On Lee Su Shyan winning the Financial Story of the Year award, Mr Han said: "Su Shyan is one of our best corporate scoop artists and has won many awards before. She is able to win over the confidence of her contacts and has deep understanding of the issues she covers."
Commenting on Lynette Khoo's Most Promising Journalist of the Year award, Mr Alvin Tay, Editor of The Business Times said: "Lynette is a driven and committed journalist. She will not rest easy if there is no story to pursue, and her willingness to chase down every lead is highly commendable."
On Teh Hooi Ling's win, Mr Tay said: "Hooi Ling is one journalist who can claim a loyal following week after week. Her 'Show me the money' column must be one of the best followed investment columns in town."
SIAS, a non-profit organisation, is the largest investor lobby group in Asia, with almost 70,000 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.
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About Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) celebrates its 25th anniversary this year. 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, 2.9 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 150 million pageviews with 9 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, 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 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 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.
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.