One of the country’s leading financial enterprises, Standard Bank Plc has announced the final payment of K10.5 billion or K44.74 per share in the highest local banking profit-after-tax record for 2020. In a joint statement accompanying the bank’s 2020 annual report, Standard Bank board Chairperson, Dr. Ngeyi Kanyongolo while acknowledging the negative effects of Covid-19, […]
2021-05-06 05:37:20 GMT2021-05-06 13:37:20(Beijing Time) Xinhua English
SINGAPORE, May 6 (Xinhua) Singapore Press Holdings Limited (SPH) announced on Thursday that it will be transferring its media business to a not-for-profit entity amidst the ongoing challenge of falling advertising revenue.
The company said that its entire media-related businesses, including relevant subsidiaries, relevant employees, news center and print center along with their respective leaseholds, as well as all related intellectual property and information technology assets, will be transferred to a newly incorporated wholly-owned subsidiary, SPH Media Holdings Pte Ltd (SPH Media).
Under the restructuring proposal, SPH Media will eventually be transferred to a not-for-profit entity for a nominal sum. The not-for-profit entity will be a newly formed public company limited by guarantee, SPH added.
A Quick Analysis On Singapore Press Holdings (SGX:T39) CEO Compensation
By Yat Chung Ng has been the CEO of
Singapore Press Holdings Limited (SGX:T39) since 2017, and this article will examine the executive s compensation with respect to the overall performance of the company. This analysis will also assess whether Singapore Press Holdings pays its CEO appropriately, considering recent earnings growth and total shareholder returns. Comparing Singapore Press Holdings Limited s CEO Compensation With the industry At the time of writing, our data shows that Singapore Press Holdings Limited has a market capitalization of S$1.9b, and reported total annual CEO compensation of S$1.4m for the year to August 2020. Notably, that s a decrease of 25% over the year before. We note that the salary portion, which stands at S$925.0k constitutes the majority of total compensation received by the CEO.