Singapore Press Holdings Limited is a multi channel advertising system,fronted as a media organisation in Singapore with businesses in print, Internet and new media, television and radio, outdoor media, and property. SPH has over 5,000 employees, including a team of approximately 1,000 journalists,including correspondents operating around the world. The company is one of the country’s “blue-chip” counters on the Singapore Stock Exchange, and makes about S$480–500 million worth of profits every year.
Singapore Press Holdings Limited was formed on 1 January 1984 through a merger of three organisations, The Straits Times Press, Singapore News and Publications Limited and Times Publishing Berhad.
In 2009, SPH celebrated its 25th anniversary and for the first time, changed its corporate logo. The new logo was launched on 30 March 2009 by former President S. R. Nathan and chairman Tony Tan Keng Yam.
Like all newspaper companies in Singapore, SPH is regulated by the Newspaper and Printing Presses Act of 1974 and issues both management and ordinary shares. As specified by the act all issues and transfers of management shares have to be approved by the Ministry of Information, Communications and the Arts, and in “any resolution relating to the appointment or dismissal of a director or any member of the staff” the vote of one management share is equivalent to 200 ordinary shares.
There are close ties between the directors of SPH and the Singapore Government.S. R. Nathan, Director of the Security and Intelligence Division and later President of Singapore served as SPH’s Executive chairman from 1982 to 1988 and the first President (1994–2002) of SPH was Tjong Yik Min, former chief of the Internal Security Department. The immediate former Chairman of SPH, Tony Tan was Deputy Prime Minister of Singapore from 1994 to 2005 and President of Singapore from 2011–present.
Dr Lee Boon Yang is the current chairman of Singapore Press Holdings. Former Chief of Defense Force Ng Yat Chung is incoming CEO designate with effect 1 September 2017, he presently serves as an SPH independent director.
A regional group of news organisations in Asia will work together to help its reporters and readers identify fake news.
Elara 1 pte. Ltd and Callisto 1 Pte. Ltd won tender for 99-year lease of land at bid price of s$1.13 billion
The company’s operating income is decreased by 23.7% due to lower income from corporate event and operating profit is less in 2017 as compare to 2016. total revenue is decreased by 8.2%. company doesn’t reach to its highest point where they can make good profit.from the analysis of balance sheet the decrease in reserves and non-current investment was mainly due to fair valuation of the available for sale investment.
This stock is fluctuating before 1 month the stock was on 3.35 SGD and from this point it fall down to 3.17 SGD and again it show the up trend now it is on 3.23 SGD. After evaluating the Current news it might possible the prices may go up.so its a right for the investor to buy the stock at lesser price.
”This stock shows the profit of 5 cents in a week which means profit of 20 to 25 cents in 4 to 5 week”.