GMT : Tue, 06 Dec 2016, 02:51

Leadership change urgently needed at Singapore Propaganda Holdings (SPH)

It comes as no surprise when SPH, aka Singapore Propaganda Holdings, reported yet another year of profit decline of 17.5% to $265.3 million.

Facts:
– Ten years ago, it had reported a net profit of $506 million.
– Since then, the population has increased by an average of 100,000 annually
– SPH has no competition when it comes to print advertisement
– Public school students are forced to subscribe to the ST
– All government agencies and almost all offices subscribe to the ST.

How could a company with no competitor see profits halved from a decade earlier?

The obvious answer is our ‘news’ is all propaganda and readers are fed up with paying to read trash. I have not bought ST for years and many others for even longer periods. It’s kind of stupid to pay for propaganda when the same ‘news’ is available online, free.

Despite a growing population and zero competition, SPH earnings have been decreasing and will continue its downward trend.

 

Besides publishing propaganda, PAP-appointed directors with ZERO relevant experience, never understood the media business. And these leeches do not come cheap.

Scholar-CEO Alan Chan is a classic example. In 2010, Alan’s pay package amounted to between $1.5 million and $1.75 million, excluding performance shares.

 

After a decade of declining net profit, Alan’s pay package soared to almost $3 million last year.

Will Alan’s pay be increased after the retrenchment exercise today, despite a 17.5% decline in SPH’s net profit?

Other PAP-appointed directors with ZERO relevant experience include former minister Dr Lee Boon Yang (Bachelor of Veterinary Science), Cham Tao Soon, Ng Ser Miang and many former civil servants. Some even had internal security experience such as our prata president, Tjong Yik Min, etc. Is it any wonder that SPH, PAP’s propaganda arm, will soon fall into an abyss?

The number of directors with ZERO relevant experience has recently increased with the addition of scholar-paper-general Ng Yat Chung.

Ng has achieved no mean feat by sinking NOL after helming the company for only 5 years. We sincerely hope that Ng is able to help Singaporeans achieve the same feat at SPH.

Ng’s colleague, Chairman Lee Boon Yang, seems to have underestimated his capabilities when he said that “Ng will complement our diverse strengths and expertise. He will help us to steer SPH to greater heights of organisational and business excellence”. (link) Perhaps Lee Boon Yang meant steering SPH to greater depths?

SPH’s demise has never been a question of if but when. The writing has been on the wall for years or Temasek would have been a major SPH shareholder. SPH was also keenly aware that its propaganda days are numbered. It has been growing its net income through property rental: profit from property ($149 million) is almost on par with media profit ($175 million).

Alan Chan, ex Principal Private Secretary to LKY, has been CEO for 13 years but failed to transform the company into a giant digital power-house. Alan should now step aside and allow Ng to work his magic, steer SPH to greater heights. It would be fun to watch PAP leeches sink SPH in spectacular fashion.

Philip Ang

*The author blogs at https://likedatosocanmeh.wordpress.com/

 

 

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35 Responses to “Leadership change urgently needed at Singapore Propaganda Holdings (SPH)”

  • LIONS:

    MIW = MONKEYS IN WHITE,TRIPLE CONFIRMED.

    ALL CHIAK LIA BEE,WASTING TAXPAYER MONEY WHILE FARKING COMMON SGS UP.

    NEED TO PUT THESE MONKEYS DOWN ASAP!

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  • kanasai:

    For your info many many many many ……. of my friends already stop buying newspaper and watching media corp production. ha ha you know the reasons .

    This is the result of protectionism to control the media.

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  • N.Jungne:

    Jonah the JINX on board? Or the END is near.

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  • Maxchewy:

    Scholar top shots can do no wrong even if the co under their responsibility sinks before their very eyes UNLESS they are charged in a criminal court like SCDF chief Peter Lim and CNB chief Ng Boon Gay.
    They really have an iron rice bowl from the day they are singled out by the pap cabinet and appointed.

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  • For Kempeitai Chief Only:

    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.

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  • Parachute:

    SPH going down then Tony Tan parachute into new job as President?

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  • Fat MaMa:

    Philip, so free hah? As you called it the Singapore Propaganda Holdings, why do we care who is in it? Why not dwell into the mysterious and undying support of the Elelctions Department which is housed in the PMO instead?

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  • roy:

    How could there be a loss when there is an increase in the size of the population by approx. 2 million people. Could Emeritus checked it out?

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  • Monopoly is Bad:

    When PAP has monopoly same thing happen.
    Until WP kick out PAP from Aljunied then we see some improves.
    Incumbent also need fresh ideas from competitors, they are not perfect, we should not give them perfect monopoly.

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  • Reply to Philip Ang:

    Performance need not be calculated from profits.
    It could also be based on the popularity of PAP, like percent of PAP votes.
    PAP is not stupid. They put in people with zero business experience but these people have decades of ISD/SID experience.

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  • Rubber Duck:

    DUCK RICE, what do you mean by global phenomenon?

    Do you have any examples of Security Chief being appointed to be head of media companies?

    DUCK RICE:
    It’s a global phenomenon.

    http://www.economist.com/node/7830218

    https://www.bloomberg.com/quicktake/the-fading-newspaper

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  • the highly regarded 154th:

    //It’s a global phenomenon.//

    good phenomenon. why should “news” (the “right news”) be monopolized / dominated by people having the clout to do it and worst of all to churn out one-sided propaganda similar to the highly regarded 154th.

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  • Gravity:

    Things goes south b cos

    There ‘s gravity.

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  • conu in hell:

    Whatever the JINX BITCH touches turns to SHIT.

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  • f.o.c:

    from dec 1st 2016..u will be getting the NEWPAPER & MYPAPER newspapers free of charge.
    guess nobody’s buying NP these days..
    the better, TODAY is more readable.
    maybe one day ST also given f.o.c

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  • Uncle Lim:

    Well said.

    A powerful expose of PAP hypocrisy and authoritarian rule.

    Without any competition PAP brags that being dominant is good.

    As NOL and SMRT have proven they fail in the real world.

    PAP will soon collapse too. Nothing is too big to fail.

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  • Papdog:

    DUCK RICE:
    It’s a global phenomenon.

    http://www.economist.com/node/7830218

    https://www.bloomberg.com/quicktake/the-fading-newspaper

    Licking and sucking genitals is a global phenomenon?

    Good one duckling.

    Suck n lick more.

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  • Uncle Lim:

    kanasai:
    For your info many many many many ……. of my friends already stop buying newspaper and watching media corp production. ha ha you know the reasons .

    This is the result of protectionism to control the media.

    You are right.

    I don’t even watch Mediacock TV or listen to its radio.

    CNA pretends to be the voice of Asia: what a joke. The voice of PAP more like it.

    In the era of the Internet they can bullshit people only so much before people switch them off.

    When SHITTY TIMES becomes the next free paper I won’t even want one except for my dogs to shit on.

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  • Mossie Dong:

    For the love of our country,
    i think we should pay MORE for the newspapers.

    Lets come together and pay more.
    Its a sacrifice we need to do.

    先有国, 才有家!

    Think not what the country can do for you, but what you can do to sacrifice for your country.

    If we do not sacrifice for the country, who are we expecting to sacrifice for the country? Foreigners? The Rich? Come on!

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  • KK's ku sells like hot cakes:

    Duck Shit, the only print medium company owned and totally run by the governing party is part of the global phenomenon?

    You got rocks in your duck head?

    DUCK RICE:
    It’s a global phenomenon.

    http://www.economist.com/node/7830218

    https://www.bloomberg.com/quicktake/the-fading-newspaper

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  • Bapak:

    I would love to see the North Korean takes over, it would be the final nail in the coffin for SPH. I votes for him to go into Deepwater Horizon.

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  • NotMyProblem:

    I wonder how people like PG (paper general) Ng Yat Chung face their relatives and friends in parties or gatherings.

    What do they say when others asked; “How is your organisation doing?”.

    Do they just hide their faces or standing in one corner in the party pretending looking at the wall? Or the other people just avoid looking in their direction to avoid having eye contact for having nothing to say to them?

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  • ITE Only:

    Heard on the radio 1st case driverless vehicle accident with lorry ?

    So fast mishap !

    Confidence take a hit.

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  • wrong aim:

    SPH and related cos should just stick to doing business instead of concentrating their energies on the wrong job that of shooting at “oppos” , “little people” etc . Had they done so , I am sure that they would not be sinking now .

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  • wrong aim:

    roy:
    How could there be a loss when there is an increase in the size of the population by approx. 2 million people. Could Emeritus checked it out?

    Haha , bring in the wrong people . Banglas , pinoys , chinos , myanmarese , eastern europeans DO NOT READ ENGLISH papers that’s why “bo seng li” .

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  • Hhh:

    The paper has become a party paper, singing pap propagandas and belittling oppositions. And often they had surveys, reports and stats to back up pap policies.

    It has become a party media that has stopped reporting authentic news and spin tales to keep 70% stupid and naive.

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  • Python 5:

    I hope he bring down SPH in 5 months instead of 5 years which he took in NOL.

    Thereafter, he can join the PAP.

    SINGAPORE – Media group Singapore Press Holdings (SPH) has appointed Mr Ng Yat Chung as an independent director to its board with effect from Aug 1 2016.

    Mr Ng, 54, is currently the executive director of Neptune Orient Lines (NOL), a position he has held since June 9.

    He was previously NOL’s group president and chief executive officer designate from May 1, 2011, to Sept 30, 2011.

    On 9th June 2016, it was announced that Temasek will tender its NOL shares to CMA.[9] Ng, as the then-CEO of NOL, said that “without the scale necessary to compete on costs, the best choice was to sell.” and “compared with our competitors, we also didn’t have the scale” as the primary reason for the sale of Singapore’s shipping icon.[10]

    Ng defended his performance at NOL as “NOL’s past successes were built on its business model as a premium service line… This was always the way for NOL, even before the 2008 financial crash, and it did well.” He then acknowledged that the company had been “a bit slow and reluctant to change”.[10]

    In the fallout of the NOL failure, Mr Ng will have to step away from his role as chief executive when CMA CGM acquires more than 50 per cent of NOL shares. Thus, effectively when Temasek tenders all of its 66.8 per cent stake. According to NOL’s 2013 financial report, Mr Ng’s annual compensation was at least USD 2.7 million.[11]

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  • Python 5:

    bring that Ng Yat Chung and that wooden coffin (Kuek Bak Chye) into the PAP lah. can accelerate its demise and we can all celebrate the PAP’s death, decomposition and cremation.

    Uncle Lim:
    As NOL and SMRT have proven they fail in the real world.
    PAP will soon collapse too. Nothing is too big to fail.

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  • Cronies are Cronies:

    Birds of same feather flock together. The cronies will be comparing how much money they are able to squeeze out from their companies. No one gives a shit about how the company is run. Disgraceful, SMRT CEO Saw Piek Hua also destroyed out train services.

    NotMyProblem:
    I wonder how people like PG (paper general) Ng Yat Chung face their relatives and friends in parties or gatherings.

    What do they say when others asked; “How is your organisation doing?”.

    Do they just hide their faces or standing in one corner in the party pretending looking at the wall? Or the other people just avoid looking in their direction to avoid having eye contact for having nothing to say to them?

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  • Prison time needed:

    https://dtcl******.blogspot.com/2015/09/the-loony-fringe-of-singapore-politics.html?m=1

    Hhh:
    The paper has become a party paper, singing pap propagandas and belittling oppositions. And often they had surveys, reports and stats to back up pap policies.

    It has become a party media that has stopped reporting authentic news and spin tales to keep 70% stupid and naive.

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  • You Die Your Problem?:

    PAP screwed up big time. So many places in Singapore, yet they let a event for special needs kids be hosted in Hong Lim Park. Even worst, aprrove a protest to happen concurrently in the same park.

    Prison time needed:
    https://dtcl******.blogspot.com/2015/09/the-loony-fringe-of-singapore-politics.html?m=1

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  • Pioneer Wong:

    You Die Your Problem?:
    PAP screwed up big time. So many places in Singapore, yet they let a event for special needs kids be hosted in Hong Lim Park. Even worst, aprrove a protest to happen concurrently in the same park.

    Yes it’s like an entrapment so MIW can prosecute people. It’s like yes we know there will be a demo but we dare them to disturb us. Prosecution is our weapon. We never lose.

    And MIW prediction came true.

    When demonstrators heckled Obama a few weeks ago during his speech he grinned and even joked about the hecklers.

    That’s the difference between a secure and democratic leader unlike our insecure and repressive one.

    Our repressive one hides himself behind the law. Shameless.

    Singapore P

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  • opposition dude:

    I know we are all having fun watching this movie and all that but the even better thing is just how incompetant these ex SAF people are.

    Of course PAP won’t admit to this no matter what since they need to show that they know things a lot better than we all do but hey, newspaper reports on all other things like train disruptions, continued increase on the number of aliens on the island etc one after another tells us the story already.

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  • RDB:

    Ng Yat Chung was NOL’s Group President and he had THE GALL to say of NOL when under his charge as slow to change when he had FAILED it BIG TIME? Only in the Lee Kar Yew environment with KY grease in the glip tongues van they talk-cock like that! Looks like PAP as a Paper Action Propaganda political party with Paper-GeneRaLeeSiBos for this and dat from cabinet ministers to SMRT for “Simi Mess Rapids Transportation” to Ministerer Of TranShit to Ministerer of Nationalized Devourment to Ministerer of Defencing to … ???

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