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May 06, 2021 Under the restructuring proposal, SPH Media will eventually be transferred to a not-for-profit entity for a nominal sum. The Straits Times/ Gavin Foo Singapore Press Holdings (SPH) intends to transfer its media business to a not-for-profit company as part of a strategic review of its various businesses. Announcing the move on Thursday (May 6), SPH chairman Lee Boon Yang said the transfer will enable the media business to focus on quality journalism and invest in talent and new technology to strengthen its digital capabilities. The restructuring entails transferring all the media-related businesses including relevant subsidiaries, employees, News Centre and Print Centre along with their respective leaseholds, all related intellectual property and information technology assets to a newly incorporated wholly-owned subsidiary, SPH Media Holdings Pte Ltd ( SPH Media ). ....
A not-for-profit structure will allow SPH Media to seek funding from public and private sources with a shared interest in supporting quality journalism.. Read more at straitstimes.com. ....
SPH to restructure media business into not-for-profit entity amid falling revenue Toggle share menu Advertisement SPH to restructure media business into not-for-profit entity amid falling revenue Singapore Press Holdings (SPH) will transfer its media business into a not-for-profit entity amid the ongoing challenge of falling advertising revenue, the company announced on Thursday (May 6). Nadhir Mokhtar reports. 2 related media assets (image or videos) available. Click to see the gallery. 07 May 2021 12:19AM) Share this content Bookmark SINGAPORE: Singapore Press Holdings (SPH) will transfer its media business into a not-for-profit entity amid the ongoing challenge of falling advertising revenue, the company announced on Thursday (May 6). ....
May 02, 2021 Urban Treasures When we did our last ultimate new launch cheat sheet in February 2020 (view here), I don’t think many people would have predicted then how the property market would have moved as much as it had in the past year. It was, after all, the beginning of the Covid-19 pandemic (for Singapore, at least). And it was not long after this that Singapore had to go into lockdown mode. Now, it isn’t just the mass market that is moving, but there is a slew of high-end new launches coming up, and HDB resale prices have climbed up for 4 straight quarters. ....
March 15, 2021 Stackedhomes Most home buyers are familiar with the concept of Additional Buyers Stamp Duty (ABSD) as it applies to them. What’s less commonly known is that property developers also have to pay ABSD; and this added tax shapes multiple decisions. From the way developers price their property, right down to development concepts, the ABSD on developers has a significant – yet not directly visible – effect on home buyers. Here’s what you should know about it: What is ABSD for developers? The ABSD for developers is a tax applied on the land price. This is 30 per cent of the land price, which is paid upfront. It is applicable on any development that comprises of five or more units (this is virtually every residential development in Singapore). ....