SIAS also names SPH as Runner-Up for Most Transparent Company Award (non-electronics manufacturing)
Singapore, 27 October 2011 – Singapore Press Holdings (SPH) has won five awards at this year's Financial Journalist Awards, which is part of the annual SIAS Investors’ Choice Awards.
The SIAS Investors' Choice Awards, organised by the Securities Investors Association (Singapore) or SIAS, is a major event for the association and one of the key events for the financial community in Singapore. Besides the awards for financial journalism, the other awards given out during the SIAS Investors' Choice Award were the Singapore Corporate Governance Award, Most Transparent Company Award, Best Broker Award and the Internal Audit Excellence Award.
Mrs Josephine Teo, Minister of State for Finance & Transport, was the Guest-of-Honour for the event, which was held at the Raffles City Convention Centre this evening.
SPH's journalists won in the Financial Journalist of the Year, Financial Story of the Year and Investor Education Journalist of the Year categories, and picked up two awards for Promising Journalist of the Year - one each by The Business Times and The Straits Times.
The five SPH journalists who received awards for their editorial excellence are:
1) Ms Lynette Khoo (Correspondent, The Business Times) – Financial Journalist of the Year
2) Ms Felda Chay (Journalist, The Business Times) – Financial Story of the Year
3) Ms Esther Teo (Journalist, The Straits Times) – Promising Journalist of the Year
4) Ms Joyce Hooi, (Journalist, The Business Times) – Promising Journalist of the Year
5) Ms Teh Hooi Ling, (Senior Correspondent, The Business Times) – Investor Education Journalist of the Year
Another accolade that SPH won was Runner-Up for the Most Transparent Company Award 2011 in the non-electronics manufacturing category. It previously won the Most Transparent Company Award for seven consecutive years from 2004 to 2010.
This was Ms Lynette Khoo's second win at the SIAS Investors' Choice Awards. In 2009, she won the Most Promising Journalist of the Year Award. Mr Wong Wei Kong, Associate News Editor of The Business Times, said: “A committed and driven journalist, with unflagging enthusiasm for the job, Lynette is a great example of someone who has grown with the paper, becoming a highly valued member of the team and respected by market participants."
Commenting on Ms Felda Chay’s win for the Financial Story of the Year, Mr Wong said: “Felda has a natural curiousity which drives her to seek out the stories behind the headlines. Nothing thrills her more. And as quite a few companies have discovered, it's hard to throw her off the scent once she's on the chase."
And on Ms Teh Hooi Ling’s win as Investor Education Journalist of the Year, Mr Wong said: “Hooi Ling has demonstrated again why she is the foremost investment writer around. The way she slices through issues to tell it as it really is has made her columns one of the best followed in town." Ms Teh was the winner of the first Investor Education Journalist of the Year award when it was introduced in 2009, and in 2005, she was the recipient of a Special Award by SIAS.
SPH is proud to have two journalists jointly winning the Promising Journalist of the Year award this year.
Said Mr Wong of Ms Joyce Hooi: “A delightful writer right out of the box, which sets her up well to write and comment on a wide spectrum of stories and issues. Her ability to write well and to connect with the reader makes Joyce so special."
The other winner for Promising Journalist of the Year was Ms Esther Teo from The Straits Times.
Ms Jeanette Lee Su Shyan, The Straits Times Money Editor, said: “Esther covers the hot-button property sector with confidence and brings a level of maturity in discussing the many issues. She has also brought in many exclusives. Her willingness to go the extra mile for the story stands her in good stead to develop stories that resonate with the reader and investor."
The SIAS Investors' Choice Awards are endorsed and supported by Singapore Exchange (SGX), Standard & Poors’ (for Singapore Corporate Governance Award), PricewaterhouseCoopers, Singapore Institute of Directors (SID), Institute of Chartered & Public Accountants of Singapore (ICPAS), NUS Business School – Corporate Governance and Financial Reporting Centre (for Singapore Corporate Governance Award), Securities Association of Singapore (SAS), Investment Management Association of Singapore (IMAS), The Straits Times, The Business Times, Lianhe Zaobao and Chartered Financial Analyst Singapore (CFA).
SIAS is the largest organised investor lobby group in Asia, with almost 70,000 retail investors as members. It is run by a Management Committee comprising of professionals who are volunteers. It actively promotes Investor Education, Corporate Governance and Transparency, and is the watchdog for investor rights in Singapore.
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.
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About Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Southeast Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.
Newspapers, Magazines and Book Publishing
In Singapore, SPH publishes 18 newspaper titles in four languages. Every day, 3 million individuals or 77 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. SPH's subsidiaries, Straits Times Press and Focus Publishing, produce quality books and periodicals in English and Chinese.
Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 265 million page views with 18 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; Stomp, omy.sg, and The Straits Times RazorTV. SPH also launched The Straits Times’ iPad and enhanced iPhone applications, and The Business Times Weekend's iPad application.
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 Chinese and 91.3FM in English.
Events and Out-of-Home 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. Its latest retail development, The Clementi Mall, started business operations in 2011. SPH's wholly-owned subsidiary, Times Development Pte Ltd, has also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.