Josephine Teo Supports Strategic Move to Strengthen Tech and Media Integration
The acquisition of Tech in Asia (TIA) by SPH Media Trust (SMT) aligns with the government’s funding objectives, according to Minister for Communications and Information Josephine Teo. In a parliamentary statement on Nov 22, 2023, Teo highlighted that the annual S$180 million government funding for SMT is directed towards technology development, talent cultivation, and vernacular media preservation. While the government does not directly influence such acquisitions, Teo emphasized that the move supports SMT’s transformation and strengthens its role in the digital and tech media landscape. The acquisition price remains undisclosed due to market sensitivities, but the partnership is expected to enhance content value for both Tech in Asia and The Business Times audiences.
