Singapore, 16 October 2009 – Singapore Exchange (SGX) and Singapore Press Holdings (SPH) today signed a Heads of Agreement to develop a free financial portal, targeted for launch in the second half of 2010.
The portal aims to provide the investing public integrated content from both SGX and SPH. In one comprehensive website, users will be able to obtain SGX’s live market data, company announcements, research reports, regulatory news as well as SPH’s breaking news on companies and stock markets. In addition, users will have access to an Investor Relations (IR) section maintained by SPH-owned ShareInvestor.com (SI), which is a financial internet media and technology company. The IR section provides users corporate information of over 200 companies listed on SGX.
The English portal will be launched first, followed by a Chinese version in due course.
SPH will facilitate online advertisements on the portal, which provide advertisers the reach to a large audience of the investing public. The portal will be marketed as part of SPH’s AsiaOne Network.
Mr Hsieh Fu Hua, Chief Executive Officer of SGX said, “SGX is pleased to partner SPH to offer a portal for investors to access key market information from the combined data bases of our two organisations. We expect this to be the choice site for investors in our market.”
Mr Alan Chan, Chief Executive Officer of SPH, said: “SGX’s website is very much the de facto website for the investing public to access stock market information. We believe this collaboration will provide an even more useful portal to the investing public by adding SPH news and Shareinvestor’s investor relations information to the SGX website content. This is in line with SPH’s push to engage minds and enrich lives as well as enhance our financial services offering.”
This collaboration marks the second time SGX and SPH have embarked on a major endeavour. Both companies launched the revamped Straits Times Index and 21 other indices under the FTSE ST index suite.
Jointly issued by:
Singapore Press Holdings Limited
Co. Regn. No: 198402868E
Singapore Exchange Limited
Co. Regn. No: 199904940D
Chin Soo Fang
Tel: +65 6319 1216
Tel: +65 6236 8157
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.
Visit www.sph.com.sg for more information.
About Singapore Exchange Limited
Singapore Exchange Ltd (SGX) was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). SGX is Asia-Pacific's first demutualised and integrated securities and derivatives exchange and is listed on its own bourse. The exchange's stock is a component of benchmark indices such as the MSCI Singapore's Free Index and the Straits Times Index (STI).
SGX aims to offer a highly trusted, comprehensive and efficient securities and derivatives marketplace for raising capital, risk transfer, trading, clearing and settlement. SGX facilitates the trading and clearing of commodity futures and over-the-counter (OTC) derivatives such as forward freight agreements and oil swaps. Through strategic alliances and partnerships with other exchanges around the world, SGX is firmly positioned as an Asian Gateway.
For more information, please visit SGX website: www.sgx.com