Khaw Boon Wan to be chairman of entity managing SPH's media business

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JUST IN: Khaw Boon Wan to be chairman of the entity that will oversee SPH's media business after it is spun off

SINGAPORE: Retired former minister Khaw Boon Wan will be the chairman of the not-for-profit entity that will overseewhen it is hived off, said Communications and Information Minister S Iswaran on Monday .

“They have all agreed that, given the national importance of this undertaking and the scale of the challenge, the chairman should be Mr Khaw Boon Wan.“With his high standing and more than 25 years of public service experience in various senior appointments, Mr Khaw will be able to provide strong strategic leadership for the CLG,” said Mr Iswaran.

Apart from reporting on local developments, they help interpret global events through a Singaporean lens and provide a balanced range of views to inform national debates and foster a national consensus, said Mr Iswaran. SPH’s current model as a listed company is no longer viable, with advertising revenue declining sharply and significant investments needed to build long-term capabilities, he said.

“The Government is mindful that our local news media must remain credible institutions that are trusted by Singaporeans, and that it remains the responsibility of the editors and journalists in SPH Media to report news and diverse opinions objectively."The CLG’s success depends on three key factors: Strong leadership to set and execute a strategic transformation; a robust business strategy; and a capable team of professionals in newsrooms, said Mr Iswaran.

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They chose him because he has less negative news and he has fixed the mess left behind in departments like transport and housing which had one person responsible for this mess when the helmed both departments in succession.

Zero salary will be good.

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