SINGAPORE – 13 March, 2017: The Infocomm Media Development Authority (IMDA) awarded radio frequencies - FM89.3 and FM96.3 - to SPH Radio Pte Ltd (SPH Radio). This paves the way for two new commercial free-to-air radio stations.
Singaporeans can look forward to a new Chinese radio station that caters to seniors above 50 years of age. The station aims to support active aging by providing seniors with lifestyle information covering health, wellness and retirement planning. Chinese pop and "xin yao" entertainment music from the 80's and 90's will also feature in its staple programming.
The second station is aimed at raising financial literacy of listeners. This English station will educate PMEBs (Professionals, Managers, Executives and Businessmen), financial market participants as well as the general audience on money matters. Its programming will comprise locally-produced bulletins and features focusing on market news updates, financial education, insurance planning, CPF-related discussions and a range of other topics ranging from dining, travel, health and career opportunities.
The award of the two vacant radio frequencies follows the conclusion of IMDA’s open tender exercise in June 2016 which was met with strong industry interest and attracted both not-for-profit and commercial radio station proposals. At the close of the tender, IMDA received nine proposals from five tenderers – Mediacorp Pte Ltd, SPH Radio Pte Ltd, Rex Cinema Pte Ltd, HT Overseas Pte Ltd and Asia Today Singapore Pte Ltd. (See Annex A for full list of proposals received).
A Tender Evaluation Committee, comprising IMDA representatives, members from the programme advisory committees and the media academic community, evaluated and found the two proposals to be most compelling in injecting both choice and diversity into Singapore’s radio scene.
The two new stations by SPH Radio Pte Ltd are expected to be launched this year. Their introduction will bring the total number of local FM stations to 20 (See Annex B for full list of radio stations).
Annex A: List of Radio Tender Proposals
Annex B: List of radio stations
ISSUED BY THE INFOCOMM MEDIA DEVELOPMENT AUTHORITY
About Infocomm Media Development Authority (IMDA)
The Infocomm Media Development Authority (IMDA) will develop a vibrant, world-class infocomm media sector that drives the economy, connects people, bonds communities and powers Singapore's Smart Nation vision. IMDA does this by developing talent, strengthening business capabilities, and enhancing Singapore's ICT and media infrastructure. IMDA also regulates the telecommunications and media sectors to safeguard consumer interests while fostering a pro-business environment. IMDA also enhances Singapore’s data protection regime through the Personal Data Protection Commission. For more news and information, visit www.imda.gov.sg or follow IMDA on Facebook IMDAsg and Twitter @IMDAsg.
For media clarifications, please contact:
YUEN Hui Tian (Ms)
Assistant Manager, Regulatory Communications, IMDA
DID: (65) 6202 4416
Winston CHAI (Mr)
Deputy Director, Regulatory and Corporate Communications, IMDA
DID: (65) 6202 4407