The problem will persist because the present management is run by people who had zero experience of
real commercial organisations, beyond the GLCs, which the govt classify as "private sector" - like the way
the palmed OYK to Keppel Corp after his Aljunied misadventure. Throw a stone in Singapore, and it will
hit an incompetent CEO who is more likely than not, to used to be in uniform.
SPH in particular have, in their middle levels, totally incompetent people as well (some nearing 70 years)
but manage to keep their jobs because their bosses know even less.
They make half hearted forays into all sorts of businesses but get suckered. Got suckered into buying
Shareinvestor and got burnt by overpaying many multiples. Tried re-inventing themselves into all styles
of marketing management to entice advertisers - only to revert back to old business models.