[Alleggsinonebasket]

For Mrs Teo, she will have to also address how SPH is going to compensate advertisers who have been cheated, including the government of Singapore, as it does not make sense for SPH Media to own up while the government dip into our reserves to help SPH pay for its financial damages, penalties and liabilities.

So it will be interesting to see who will ultimately end up paying for this scandal.

Think about it – if those executives at SPH Media, past and present, can possibly manipulate its data to give a false impression that all is well at SPH, enjoy their lucrative remunerations and benefits all these years but end up cheating both the government and advertisers, by what authority does SPH Media have to fire those involved and not make a public disclosure or make a police report?

Are they above the law to be doing so?

Are they going to pay for all the mess they have created?

As such, pending police investigation, the current senior management of SPH should be held responsible and complicit and not be allowed to destroy or tamper with evidence that may materially implicate them.

It will be interesting to see if Mr K Shanmugam, the Minister for Home Affairs, will have the moral courage and integrity to put the law above the interest of his party by bringing all those responsible for this crime and those who condoned or tried to conceal it to court.

As much of our public fund is at stake, will Mr Lawrence Wong, the Finance Minister, be able to show his political impartiality by convening a public inquiry into this whole scandal and conducting a thorough review as to whether the government should continue to support SMT when its integrity and credibility have been so badly tarnished.

In light of this scandal, isn’t it “cheaper, better & wiser” to fund WUSG instead of SMT?

A lot more at https://tinyurl.com/mw56sd32

[Scythian]

SPH can support those backstreet old newspapers collectors

If those 95,000 ST copies printed excess daily instead of being destroyed, be sold @ 0.05 cents per kg to Karung Guni for recycling.

Can eventually help Karung Guni to be listed on SGX.

[Manthink]

SPH can support those backstreet old newspapers collectors
If those 95,000 ST copies printed excess daily instead of being destroyed, be sold @ 0.05 cents per kg to Karung Guni for recycling.
Can eventually help Karung Guni to be listed on SGX.

Goodness is SGrean don't need SPH media to quench their thirst....We have PUB and JB 0.5 cent per 1000 gallons to thank...

[Basic_Strategy]

Who pay?

Sinkies pay lor. Simple.

[[[ForeverAlone]]]

What’s new Josp etc will “ twist words “ as usual just suck thumb because they are ruling party

[Manthink]

Who pay? Sinkies pay lor. Simple.

What's "sinkies" ?

[Basic_Strategy]

What's "sinkies" ?

The poor Singaporean Citizens still stuck in a slowly sinking island city-state.

[Manthink]

The poor Singaporean Citizens still stuck in a slowly sinking island city-state.

Oh....can I assume you aren't a "sinkie" ?

[Basic_Strategy]

Oh....can I assume you aren't a "sinkie" ?

Yep, because I'm no longer stuck in Sinkiepore.

[talky]

What's "sinkies" ?

the idiotic 61%

[Scythian]

.

No millions $$$ politicians got balls to speak..

As timid as mice

[Scythian]

SPH CEO Ng Yat Chung


"Last month, the Singapore Press Holdings (SPH) announced that it posted a net loss of S$83.7 million for the financial year of 2020, which ended on 31 August (‘SPH CEO says company’s net loss due to COVID-19 while share price dives to nearly $1‘).

The net loss, which is the company’s first-ever, is in contrast with a net profit of S$213.2 million a year ago. SPH’s revenue from media advertising declined by a staggering 31.4 per cent. Revenue for the media business also shrank by 22.8 per cent.

Segments significantly hit even include its property business. SPH’s malls and purpose-built student accommodation (PBSA) assets were hit by non-cash fair value losses of S$232 million. The valuation of its retail malls fell by S$196.5 million while that of its PBSA assets fell by S$31.9 million respectively.

Without the government grants of S$68.5 million through the Jobs Support Scheme, SPH’s net loss would have been even higher. SPH CEO Ng Yat Chung attributed his company’s losses to COVID-19.

“All our major business segments were severely disrupted by Covid-19. Our media business is badly affected by the collapse in advertising,” he said.

Despite losing money for the first time in the history of SPH, it was found that its CEO Ng Yat Chung was awarded with bonuses and shares. In the latest SPH’s annual report which was released recently, Ng’s received a total cash and benefits of $1,350,000 in the last FY:




He was also awarded with SPH shares in 2020:

"
https://www.theonlinecitizen.com/2020/11...%202020%3A

[red3]

So why now? Why audit no sound? Why compliance no sound? Why finance no see $$? Why bank acct no credit keep debit? Why why why?

[K88 shu shu]

no blame culture pls.

sinkies llst.

[p1acebo]

Nothing will happen. See how the six senior executives over at Keppel got off with just a stern warning over a bribery corruption scandal costing over several hundred million dollars and even already pleaded guilty in a plea bargain in the US courts.

Go see Lim Team’s video on this.

[Ola]

OYK should have 2 parliament sessions on SPH for JoTeo to answer

https://www.straitstimes.com/singapore/p...ng-ye-kung

[debono]

OYK should have 2 parliament sessions on SPH for JoTeo to answer

https://www.straitstimes.com/singapore/p...ng-ye-kung

They will cover each others backside............

[Instinct]

To fix WP, they can spend alot of time and public resources to do it. But when it happen to them, it's always honest mistake and move on. So don't expect any action from the ministers in this case. Jusr like Keppel case, stern warning only.

[[[ForeverAlone]]]

To fix WP, they can spend alot of time and public resources to do it. But when it happen to them, it's always honest mistake and move on. So don't expect any action from the ministers in this case. Jusr like Keppel case, stern warning only.

Than Come GE , they will turn tone , act more to get Votes and AGAIN is Ruling party ......zzz

[p1acebo]

You all donch bully Jo Teo lah. Skali she cannot do it anymore whether in big or small places then how?

[hansamu]

Many sph investors would  have believed that biz was still vibrant and held on to their shares.

If the figures were not inflated, many might have sold their shares. Their losses would be lower.

Can ex shareholders sue??

[p1acebo]

To fix WP, they can spend alot of time and public resources to do it. But when it happen to them, it's always honest mistake and move on. So don't expect any action from the ministers in this case. Jusr like Keppel case, stern warning only.

Right. It’s the right connections that will keep you protected and unscathed

[debono]

Than Come GE , they will turn tone , act more to get Votes and AGAIN is Ruling party ......zzz

In every GE they will act with compassion, and give the poor among us 'sweets'........just to 'buy' votes.........

[Ola]

You all donch bully Jo Teo lah.  Skali she cannot do it anymore whether in big or small places then how?

She will just talk cock, cry and show crocodile tears again

but laugh all the way to her bank behind us

[Symmetry]

Is this news related to that lack of data integrity? Another shame under a big group of elites making our news equally muddy. Frankly, SPH should shut down since there is little benefit from it.

[debono]

Is this news related to that lack of data integrity? Another shame under a big group of elites making our news equally muddy. Frankly, SPH should shut down since there is little benefit from it.

SPH cannot shut down, cos they are the PAP's propaganda arm............

[Tangsen]

Pay what? Anyone got SPH shares … already delist liow right?
What make so much noise …. I ask you how many SGtalkers here read Shite Times

[Harry Lee]

900m coming

[Rainforest]

For Mrs Teo, she will have to also address how SPH is going to compensate advertisers who have been cheated, including the government of Singapore, as it does not make sense for SPH Media to own up while the government dip into our reserves to help SPH pay for its financial damages, penalties and liabilities.

So it will be interesting to see who will ultimately end up paying for this scandal.

Think about it – if those executives at SPH Media, past and present, can possibly manipulate its data to give a false impression that all is well at SPH, enjoy their lucrative remunerations and benefits all these years but end up cheating both the government and advertisers, by what  authority does SPH Media have to fire those involved and not make a public disclosure or make a police report?

Are they above the law to be doing so?

Are they going to pay for all the mess they have created?

As such, pending police investigation, the current senior management of SPH should be held responsible and complicit and not be allowed to destroy or tamper with evidence that may materially implicate them.

It will be interesting to see if Mr K Shanmugam, the Minister for Home Affairs, will have the moral courage and integrity to put the law above the interest of his party by bringing all those responsible for this crime and those who condoned or tried to conceal it to court.

As much of our public fund is at stake, will Mr Lawrence Wong, the Finance Minister, be able to show his political impartiality by convening a public inquiry into this whole scandal and conducting a thorough review as to whether the government should continue to support SMT when its integrity and credibility have been so badly tarnished.

In light of this scandal, isn’t it “cheaper, better & wiser” to fund WUSG instead of SMT?

A lot more at https://tinyurl.com/mw56sd32

Who? Hehehe still need to ask meh

[debono]

900m coming

$900 million for a 5 year term..............?