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Former minister Khaw Boon Wan has a proven track record for taking on difficult issues, said Minister for Communications and Information S. Iswaran in reply to WP chairman Sylvia Lim, on May 10, 2021. - The Straits Times/ANN SINGAPORE, May 10 (Bloomberg): Singapore endorsed a former ruling party chairman to oversee the media business of a restructured Singapore Press Holdings Ltd., as a senior minister defended the independence of the city-state’s news outlets.
Communications and Information Minister S Iswaran told parliament Monday that former cabinet minister Khaw Boon Wan was the choice of both the government and SPH shareholders to lead the entity that will manage its media assets.
Under the restructuring proposal, SPH Media will eventually be transferred to a not-for-profit entity for a nominal sum. - The straits Times/ANN SINGAPORE, May 6 (Bloomberg): Singapore Press Holdings Ltd., which publishes the country’s flagship daily newspaper, plans to spin off its media business into a non-profit entity after conducting a strategic review of its businesses.
Faced with an upheaval in this business in recent years, Singapore Press which also invests in properties from shopping malls to student accommodation has approached the government with a proposal to put the media business on a sustainable financial footing, it said in a statement on Thursday