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SPH Media Trust
SPH Media Trust (SMT), trading as SPH Media, is a mass media company in Singapore. It was incorporated on 19 July 2021 as a company limited by guarantee, it was a spin off from Singapore Press Holdings as part of a restructuring. It owns several major newspapers in the country, including the English-language ''The Straits Times and The Business Times,'' Chinese-language '' Lianhe Zaobao'' and ''Shin Min Daily News'', Malay-language ''Berita Harian,'' and ''the Tamil Murasu''. The company also publishes magazines and operates five radio stations. It forms part of a duopoly of the mass media in the country, alongside the state-owned enterprise Mediacorp. SPH Media has over 2,500 employees, including a team of approximately 1,000 journalists, including correspondents operating around the world. History Singapore Press Holdings Limited (SPH) was formed on 4 August 1984 through a merger of three organisations, The Straits Times Press Group, Singapore News and Publications Li ...
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Private Company Limited By Guarantee
A company limited by guarantee (CLG) is a type of company where the liability of members in the event the company is wound up is limited to a (typically very small) amount listed in the company's articles or constitution. Most have no share capital, although rare exceptions exist. The form originated in the United Kingdom, and now exists under the company law of the Australia, Bermuda, Gibraltar, Hong Kong, Gambia, and Ireland, and in the Canadian provinces of Alberta and Nova Scotia. It previously existed in New Zealand. It is used primarily but not exclusively by non-profit organisations (including charities) that require legal personality. Other uses include mutual insurance companies and quasi-governmental bodies. Characteristics In the UK, a company limited by guarantee can distribute its profits to its members, if allowed by its articles of association. However, in Australia this is not allowed. In many countries, a company limited by guarantee must include the ...
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Duopoly
A duopoly (from Greek , ; and , ) is a type of oligopoly where two firms have dominant or exclusive control over a market, and most (if not all) of the competition within that market occurs directly between them. Duopoly is the most commonly studied form of oligopoly due to its simplicity. Duopolies sell to consumers in a competitive market where the choice of an individual consumer choice cannot affect the firm in a duopoly market, as the defining characteristic of duopolies is that decisions made by each seller are dependent on what the other competitor does. Duopolies can exist in various forms, such as Cournot, Bertrand, or Stackelberg competition. These models demonstrate how firms in a duopoly can compete on output or price, depending on the assumptions made about firm behavior and market conditions. Similar features are discernible in national political systems of party duopoly. Duopoly models in economics and game theory Cournot duopoly Cournot model in game theor ...
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OCBC Bank
Oversea-Chinese Banking Corporation Limited (), abbreviated as OCBC, is a Singapore, Singaporean multinational corporation, multinational Bank, banking and financial services corporation headquartered at the OCBC Centre. It operates through subsidiaries in several countries, primarily in the South East Asian region. OCBC has total assets of Singapore dollar, S$581 billion at the end of 2023, making it the List of largest banks in Southeast Asia, second largest bank in Southeast Asia by assets. It is also one of the world’s most highly-Credit rating, rated banks, with an Aa1 rating from Moody’s and AA− rating from Standard & Poor's. OCBC is consistently ranked amongst the top three "safest banks in the world" by the magazine ''Global Finance (magazine), Global Finance''. The Asian Banker named OCBC as Singapore's strongest bank for 2018–2019, and the 5th strongest in the Asia–Pacific region. The bank's global network has grown to comprise more than 400 branches and re ...
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United Overseas Bank
United Overseas Bank Limited (), often known as UOB, is a Singaporean regional bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries. It is one of the three "big local banks" in the country, the other two being DBS Bank and Oversea-Chinese Banking Corporation (OCBC). First Founded during the Great Depression in 1935 as United Chinese Bank (UCB) by a group of Hoklo businessmen including Sarawak-born Wee Kheng Chiang, the bank operated from a single branch bank in rented premises of Bonham Building, located in Boat Quay, close to the Singapore River. It was principally engaged in short-term loans to a segment of local businessmen, to be precise, Hokkien Chinese businessmen in Singapore. UOB is the third largest bank in Southeast Asia by total assets. The bank provides personal financial services, commercial banking, private banking and asset management services, as well as corporate finance, venture capital and insurance ...
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DBS Bank
DBS Bank Limited is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Development Bank of Singapore Limited, which "DBS" was derived from, before the present abbreviated name was adopted on 21 July 2003 to reflect its role as a global bank. It is one of the "Big Three" local banks in Singapore, along with Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB). DBS is the largest bank in Southeast Asia by assets and among the largest banks in Asia, with assets totaling S$739 billion It also holds market-dominant positions in consumer banking, treasury and markets, securities brokerage, equity and debt fund-raising in other regions aside from Singapore, including in China, Hong Kong, Taiwan and Indonesia. According to Asian Private Banker magazine in 2023, DBS replaced Credit Suisse as the third-largest ...
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Ministry Of Communications And Information
The Ministry of Digital Development and Information (MDDI; ; zh, 数码发展及新闻部; ) is a ministry of the Government of Singapore responsible for overseeing the development of the infocomm technology, media and design sectors, as well as the government's information and public communication policies. It is also responsible for maintaining the national library, national archives and public libraries. History On 5 June 1959, the Ministry of Culture came into being with the swearing-in and appointments of ministers of the new Government of Singapore. On 1 February 1980, the Broadcasting Division of the Ministry of Culture became a statutory board, the Singapore Broadcasting Corporation. 1985 saw the dissolution of the Ministry of Culture. Its Information Division came under the new Ministry of Communications and Information (MCI). Its arts promotion component was assimilated into the Ministry of Community Development (MCD) as the Cultural Affairs Division. Five year ...
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Vernacular
Vernacular is the ordinary, informal, spoken language, spoken form of language, particularly when perceptual dialectology, perceived as having lower social status or less Prestige (sociolinguistics), prestige than standard language, which is more codification (linguistics), codified, institutionally promoted, literary language, literary, or formal. More narrowly, a particular language variety that does not hold a widespread high-status perception, and sometimes even carries social stigma, is also called a vernacular, vernacular dialect, nonstandard dialect, etc. and is typically its speakers' native language, native variety. Regardless of any such stigma, all nonstandard dialects are full-fledged varieties of language with their own consistent grammatical structure, phonology, sound system, body of vocabulary, etc. Overview Like any native language variety, a vernacular has an internally coherent system of grammar. It may be associated with a particular set of vocabulary, and sp ...
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Lianhe Wanbao
Lianhe Wanbao (; literally Joint Evening News) was a Singapore Chinese-language afternoon newspaper published daily by SPH Media from 16 March 1983 after the merger between the Singaporean editions of '' Nanyang Siang Pau'' and '' Sin Chew Jit Poh''. ''Lianhe Wanbao'' focused mainly on local and entertainment news with minimal international coverage. As such it was in competition with another SPH paper ''Shin Min Daily News''. Amongst Singapore readers ''Lianhe Wanbao'' was often regarded more of a tabloid published in broadsheet form, and the veracity of some reports (mostly reproduced from tabloids or gossip magazines from Hong Kong or Taiwan) was sometimes questioned. In 2021, ''Lianhe Wanbao'' merged into ''Shin Min Daily News'', and published its last edition on 24 December. History The newspaper was started along with '' Lianhe Zaobao'' (Joint Morning News) in March 1983 as part of the Singaporean editions of '' Nanyang Siang Pau'' and '' Sin Chew Jit Poh'' merge ...
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The New Paper
''The New Paper'' is a Singaporean newspaper. It was originally published in tabloid format as a "noon paper", then from 2016 as a freesheet in the morning from 7 a.m. onwards. In December 2021 the paper went to digital only. History First launched on 26 July 1988, by Singapore Press Holdings (SPH), it had an average daily circulation of 101,600 in August 2010, according to SPH. In 1991, the paper organised the New Paper Big Walk, a mass-participation walking event. The event came to be held annually in Singapore. It holds the official Guinness World Record as world's largest walk when a record-breaking 77,500 participants joined on 21 May 2000. There is also a noon edition that hits the newsstands on Mondays and Thursdays that gives more special coverage of late-night association football matches that occur after the morning edition goes to press. ''The New Paper'' was Singapore's second-highest circulating paid English-language newspaper before it became a free news ...
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Extraordinary General Meeting
An extraordinary general meeting, commonly abbreviated as EGM, is a meeting of members of an organisation, shareholders of a company, or employees of an official body that occurs at an irregular time.' The term is usually used where the group would ordinarily hold an annual general meeting (AGM) but where an issue arises that requires the input of the entire membership and is too serious or urgent to wait until the next AGM. Members and/or shareholders must be informed of the purpose of the EGM so that they may attend in a position where they can discuss and exercise intelligent judgment, or else any resolutions passed are invalid.'''' Procedure Before the EGM the board of the organisation will have agreed upon one or more resolutions that will be put to the shareholders or members for approval at the EGM. The wording of the resolution is sent to the shareholders with a note about its importance. The theory is that the board has a better knowledge of the situation, and the res ...
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Company Limited By Guarantee
A company limited by guarantee (CLG) is a type of company where the liability of members in the event the company is wound up is limited to a (typically very small) amount listed in the company's articles or constitution. Most have no share capital, although rare exceptions exist. The form originated in the United Kingdom, and now exists under the company law of the Australia, Bermuda, Gibraltar, Hong Kong, Gambia, and Ireland, and in the Canadian provinces of Alberta and Nova Scotia. It previously existed in New Zealand. It is used primarily but not exclusively by non-profit organisations (including charities) that require legal personality. Other uses include mutual insurance companies and quasi-governmental bodies. Characteristics In the UK, a company limited by guarantee can distribute its profits to its members, if allowed by its articles of association. However, in Australia this is not allowed. In many countries, a company limited by guarantee must include the ...
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Correspondent
A correspondent or on-the-scene reporter is usually a journalist or commentator for a magazine, or an agent who contributes reports to a newspaper, or radio or television news, or another type of company, from a remote, often distant, location. A foreign correspondent is stationed in a foreign country. The term "correspondent" refers to the original practice of filing news reports via postal letter. The largest networks of correspondents belong to ARD (Germany) and BBC (UK). Vs. reporter In Britain, the term 'correspondent' usually refers to someone with a specific specialist area, such as health correspondent. A 'reporter' is usually someone without such expertise who is allocated stories by the newsdesk on any story in the news. A 'correspondent' can sometimes have direct executive powers, for example a 'Local Correspondent' (voluntary) of the Open Spaces Society (founded 1865) has some delegated powers to speak for the Society on path and commons matters in their area in ...
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