Singapore, 5 October 2010 – Singapore Press Holdings (SPH) won its ninth Most Transparent Company Award in the Non-Electronics Manufacturing Category at the 11th SIAS Investors' Choice Awards 2010. This is also the seventh consecutive year that SPH has received this award.
Ms Teo Swee Lian, Deputy Managing Director, Financial Supervision at the Monetary Associaiton of Singapore, was the Guest-of-Honour for the event, which was held at the Raffles City Convention Centre this evening.
Four SPH journalists also received awards for their editorial excellence. They are:
1) Ms Jamie Lee (Journalist, The Business Times) – Financial Journalist of the Year
2) Ms Michelle Quah (Senior Correspondent, The Business Times) – Best Financial Story of the Year
3) Ms Genevieve Cua (Editor, Executive Money, The Business Times) – Investor Education Journalist of the Year award
4) Ms Li Minwen, Christine (Correspondent, Lianhe Zaobao) – Most Promising Journalist of the Year
This is the second time Ms Quah has been honoured at the SIAS Investors' Choice Awards. She was a joint-winner for the Financial Journalist of the Year award in 2007. It is also not Ms Cua's first award. She was Best Financial Journalist in 2003 and 2nd runner-up for the same category in 2001.
Mr Alan Chan, Chief Executive Officer of SPH, said: “Transparency and good corporate governance are the group's guiding principles in addressing our stakeholders. We are constantly engaging and providing them with concise and comprehensive information in a timely manner to meet their investment needs.”
He also added, “I would like to congratulate our journalists for winning the majority of the financial journalism awards. It reflects the high editorial standards of our SPH newspapers.”
On Ms Lee’s Financial Journalist of the Year award, Mr Wong Wei Kong, Associate News Editor of the Business Times, said: “Jamie is a natural newshound, sometimes cheeky, always curious. Her stories on listed companies have caught the eye of market players, drawn their attention to the issues that matter, and earned the respect of newsmakers. This is a fine and passionate journalist who is a great asset in the newsroom.”
Commenting on Ms Quah’s award, Mr Wong said: “Michelle writes the stories that others talk about. Her scoop on why the New Century IPO was aborted - when everyone else was in the dark and guessing - is a classic instance of how she stays on top of the biggest developments in the market. A sharp, incisive and classy writer, Michelle is where the big stories are with well-placed sources that would be the envy of many journalists.”
Reflecting on Ms Cua’s win, he said: “Genevieve goes where investors fear to tread. Her columns and stories provide an education in what investors should to do with their money, savings and retirement planning, often tackling complex issues and making sense of them for her readers. Bringing all her experience to bear, she has been instrumental in raising the level of investor education and knowledge in Singapore."
Said Mr David Poh Lai Heng, Lianhe ZaoBao’s Associate Business Editor, on Ms Li’s award: “Minwen's acute sense of story newsworthiness and her proactiveness to develop the news herself will make her a good financial journalist."
The SIAS Investors' Choice Awards are endorsed and supported by PricewaterhouseCoopers, SID, ICPAS, CFA Singapore, IMAS, IIA, SAS, The Straits Times, The Business Times and Lianhe Zaobao.
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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Singapore Press Holdings
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Singapore Press Holdings Ltd
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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 15 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.sg, 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 and U, 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.
Events and Outdoor Advertising
SPH’s events subsidiary Sphere Exhibits organises innovative consumer and trade events and exhibitions. In addition, SPH has ventured into out-of-home (OOH) advertising through its wholly-owned subsidiary, SPH MediaBoxOffice Pte Ltd, Singapore’s leading Digital Out-of-Home advertising 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, has also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road. The Clementi Mall, SPH's latest retail mall, will be operational in 2011.