ST bags four business journalism awards - Oct 13, 2005 (ST)

BackOct 13, 2005

The Straits Times / The Business Times News On SPH

ST bags four business journalism awards

By Grace Ng
Oct 13, 2005
The Straits Times

FOUR Straits Times journalists came up winners at the annual Securities Investors Association of Singapore (Sias) business journalism awards last night.

Money Desk correspondent Lee Su Shyan, 35, was named the year's best financial journalist for the second time running.

Her colleague, correspondent Lorna Tan, 41, won the other top award for writing the best financial story, highlighting problems with investment-linked insurance plans (ILPs).

Another Money Desk reporter, Mr Azrin Asmani, 33, won a most promising financial journalist award.

Saturday Special Report editor Susan Long, 33, won a special award for a feature on the National Kidney Foundation that became the subject of a lawsuit between the charity and Singapore Press Holdings (SPH) earlier this year.

The awards, handed out by the Sias annually since 2001, are aimed at encouraging journalists to provide useful financial reports for retail investors and are open to financial journalists from the print and broadcast media here.

This year saw a clean sweep by SPH journalists.

Financial columnist Teh Hooi Ling, 38, of the Business Times won a special award, and Lianhe Zaobao's Lim Keng Soon, 28, also won a most promising journalist award.

Sias president David Gerald said the panel of eight judges picked Ms Lee as the top winner because of her 'extraordinary journalistic skills' and her 'consistency in delivering quality stories that other journalists missed'.

She writes on corporate financial news.

She said that after she won the award for the first time last year, readers began contacting her with news tip-offs.

'Now that I am second-time lucky, I feel I'm under even more pressure to live up to everyone's expectations,' said the former accountant who made a mid-career switch to journalism in 2000.

Ms Tan's winning story was a report in February that highlighted the plight of two policyholders of regular premium ILPs who were caught out by the fine print and ended up with products that did not meet their needs.

The Supervising Editor of the Money Desk, Mr Sia Cheong Yew, said: 'Lorna came under tremendous pressure from all quarters, not least the insurance industry, to go slow on the follow-up stories.

'To her credit, she kept her foot on the pedal. On Sept 24, she was vindicated when the Life Insurance Association finally admitted that regular-premium investment-linked plans are not suitable for older people.'

The winners received their awards from Mr Gerald at Swissotel The Stamford.

About 1,000 people, comprising corporate leaders, senior management of firms in the financial industry and retail investors, attended the event.