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Singapore Press Holdings
Singapore Press Holdings Limited (SPH) was one of Singapore's two state media companies, which published ''The Straits Times'', numerous other newspapers and operated radio, television and digital media. In 2021, the media division was spun off as SPH Media, leaving behind the property and aged care businesses. Since its takeover by Cuscaden Peak in 2022, it has been renamed Cuscaden Peak Investments. At its peak, SPH had over 4,000 employees. Its team of approximately 1,000 journalists included correspondents operating around the world. 2,500 of the staff, including the journalists and its media business were subsequently transferred to SPH Media. The company was one of the country's "blue-chip" counters on the Singapore Exchange Securities Trading Limited (SGX) until its delisting on 13 May 2022 following its acquisition by Cuscaden Peak. It was also a constituent of the Straits Times Index until its removal on 22 June 2020. History 1984: Formation of Singapore Pres ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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Today (Singapore Newspaper)
''Today'' was a Singapore, Singaporean digital news magazine published by Mediacorp. It was originally established on 10 November 2000 as a free newspaper, free print newspaper, competing primarily with Singapore Press Holdings' (SPH) ''Streats''. In 2004, SPH announced an agreement to take stakes in Mediacorp's publishing and television businesses, resulting in the discontinuation of ''Streats'' and the sale of its two SPH MediaWorks channels to the company. In 2017, ''Today'' ended print publication, continuing as a digital publication. In October 2024, ''Today'' was merged into CNA (TV network), CNA, becoming a weekly digital news magazine devoted to long-form journalism. History ''Today'' launched on 10 November 2000; it was established as a rival to ''Streats'', another English-language freesheet published by Singapore Press Holdings (SPH). Initially, the newspaper was available only on weekdays. It was a partnership between MediaCorp, Singtel, and SMRT Corporation, SM ...
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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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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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Khaw Boon Wan
Khaw Boon Wan ( zh, s=许文远, p=Xǔ Wényuǎn, poj=Khó͘ Bûn-oán; born 8 December 1952) is a Malaysian-born Singaporean former politician who served as Minister for Transport between 2015 and 2020, Minister for National Development between 2011 and 2015, and Minister for Health between 2003 and 2011. A member of the governing People's Action Party (PAP), he was the Member of Parliament (MP) representing the Moulmein division of Tanjong Pagar GRC between 2001 and 2006, and the Sembawang division of Sembawang GRC between 2006 and 2020. Following his retirement from politics in 2020, Khaw has been serving the chairman of SPH Media Trust, a not-for-profit media entity set up by Singapore Press Holdings (SPH) after it underwent a restructuring of its media operations in 2021. During his political career, Khaw was noted for being appointed to ministerial portfolios which deal with wedge issues such as housing and transport, thus earning himself the moniker "Mr. Fix-it". Ea ...
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Government Of Singapore
The government of Singapore is defined by the Constitution of Singapore, Constitution of the Republic of Singapore to consist of the President of Singapore, President and the Executive. Executive authority of Singapore is vested in the President but exercised on the advice of the Cabinet led by the Prime Minister. The President, acting as the Head of State, may only act in their discretion in appointing the Prime Minister, acting as the Head of Government; as well as withholding consent for the dissolution of Parliament; along with performing key checks on the Government in addition to the ceremonial duties of the Head of State inherited from the Westminster system. The Cabinet, consisting of the Prime Minister and ministers appointed by the President on the Prime Minister's advice, is responsible for heading the Executive through ministries and other Statutory boards of the Singapore Government, statutory boards. At the end of the term or at any time during the term, once the ...
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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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COVID-19 Pandemic
The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December 2019. Soon after, it spread to other areas of Asia, and COVID-19 pandemic by country and territory, then worldwide in early 2020. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern (PHEIC) on 30 January 2020, and assessed the outbreak as having become a pandemic on 11 March. COVID-19 symptoms range from asymptomatic to deadly, but most commonly include fever, sore throat, nocturnal cough, and fatigue. Transmission of COVID-19, Transmission of the virus is often airborne transmission, through airborne particles. Mutations have variants of SARS-CoV-2, produced many strains (variants) with varying degrees of infectivity and virulence. COVID-19 vaccines were developed rapidly and deplo ...
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The Business Times (Singapore)
''The Business Times'' is a Singaporean financial newspaper under SPH Media, a media organisation with businesses in print, digital, radio, and outdoor media in Singapore. The paper is published Monday to Saturday, with the Saturday edition called ''The Business Times Weekend''. It had a circulation (print and digital) of 39,500. Ownership It is part of the SPH Media group which also publishes ''The Straits Times'', ''Berita Harian'' and ''The New Paper''. History It is an English-language newspaper published since 1 October 1976. Prior to this, it was a supplement in ''The Straits Times''. The paper was launched on 15 July 1976, and the special presentation issue prior to the launch of the paper featured George Magnus. The staff was first headed by Tsai Tan, who became the first female editor of a daily newspaper in Singapore. In 1989, the newspaper won the Media Philanthropic Appeals category of the International Advertising Festival in New York New York most commonly r ...
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Alan Chan
Alan Chan Heng Loon (born 22 February 1953) is a former Singaporean civil servant. He was the former chief executive of the Singapore Press Holdings. Early life Chan was born to a bilingual family fluent in English and Chinese. He studied in Haig Boys School, Raffles Institution and National Junior College. He was awarded the President's Scholarship and French Government Scholarship, and graduated with a Dip Ingenieur from Ecole Nationale de L'Aviation Civile in 1978. He subsequently went to INSEAD and obtained an MBA in 1983. Career After studying in France, Chan worked as a civil servant under various Singaporean government ministries. Chan served as the Ministry of Defence’s Director of Manpower. In 1994 Chan successfully applied to be the Principal Private Secretary of Senior Minister Lee Kuan Yew (as he then was). Thereafter, Chan was appointed as Deputy Secretary at the Ministry of Foreign Affairs. Strict on making his subordinates speak Chinese properly, he imposed a ...
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Ng Yat Chung
Ng Yat Chung is a Singaporean former lieutenant-general who served as Chief of Defence Force between 2003 and 2007. Education Ng received his secondary and pre-university education in Victoria School and Hwa Chong Junior College respectively. He received the Singapore Armed Forces Overseas Scholarship for his undergraduate studies in 1980, and graduated in 1983 with a Bachelor of Arts (Honours) in engineering from Christ's College, Cambridge. After applying for an Oxbridge Master of Arts, in 1987 his BA was converted into an MA (not an earned master's degree). He also holds a Master of Business Administration from Stanford University. He attended the six-week Advanced Management Program at Harvard Business School, and graduated with a Master of Military Art and Science from the United States Army Command and General Staff College. Military career Ng enlisted in the Singapore Armed Forces (SAF) in 1979 and was commissioned as an artillery officer in December that year. ...
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Neptune Orient Lines Limited
Neptune Orient Lines Limited (NOL) was a Singaporean container shipping company. It was founded in 1968 as Singapore's national shipping line, but was later sold as a subsidiary to French shipping company CMA CGM in 2016. On 1 October 2020, NOL was restructured into a regional hub and was renamed to CMA CGM Asia Pacific Limited. History In December 1968, Neptune Orient Lines was started as Singapore's national shipping line. Wholly owned by the Singapore Government, it was formed in an effort to develop and support Singapore's economy. Containerization In the 1970s, containerization was introduced. In the mid-1970s, NOL's managing director was Goh Chok Tong, who went on to become Singapore's second Prime Minister. In 1975, NOL then entered the Asia-Europe trade as part of the ACE Group consortium with partners OOCL, K Line, COSCO and Franco-Belgian Services, known as the "third force" in the container-shipping world. Meanwhile, it entered the key Trans-Pacific Trade with a sta ...
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