MLex Wins Top Awards in Business Reporting, Breaking News at Annual SOPA Awards Ceremony

HONG KONG (June 15, 2017) – MLex Market Insight today received the top prizes for business reporting and breaking news at the prestigious annual awards ceremony of the Society of Publishers in Asia (SOPA).

The SOPA Awards recognize the world's best reporting on Asia and are the region's leading journalism prize.

MLex reporter Phoebe Seers won the top honor in the categories of "Excellence in Business Journalism" and "The Scoop Award" for her groundbreaking series exposing a corruption scandal at Indonesian power company MAXpower. The series revealed a massive pattern of bribery and other wrongdoing involving senior officials at the company, in which Standard Chartered Bank and its private equity arm hold a controlling stake. The US Department of Justice is investigating the allegations.

"The award is recognition of the great work and persistence of Phoebe in pursuing this important story, and to the editorial leadership in our Hong Kong bureau.", said Rob McLeod, MLex's Editor-in-Chief.

The MAXpower corruption exposé by Seers, which began in April 2016, went unmatched by other global news organizations for 155 days before The Wall Street Journal and the Financial Times reported on the scandal on Sept. 22, 2016, citing MLex as the first media outlet to report the story.

Since the revelations by MLex, a number of senior MAXpower executives have resigned or been dismissed, including the company's CEO, Greg Karpinski.

"The kind of in-depth, investigative reporting that lies behind a story like the MAXpower scandal requires persistence, patience and a commitment to getting every detail right, because so much is at stake in a story of this kind," said David Plott, MLex's Asia managing editor. "Phoebe's reporting demonstrates MLex's commitment to the highest standards of journalism and our determination to uncover corporate wrongdoing wherever it occurs."

ABOUT MLEX AND THE SOPA AWARDS
MLex Market Insight is a global news service focused on regulatory risk and is part of the LexisNexis group. The service has bureaux in 13 cities in 10 countries.

You can read Phoebe Seers' coverage here. You can listen to a podcast in which Phoebe speaks about the MAXPower scandal here.

Following is some background on the awards from SOPA's website:

"The SOPA Awards for Editorial Excellence were established in 1999 as a tribute to editorial excellence in both traditional and new media, and were designed to encourage editorial vitality throughout the region. The awards cover a broad range of categories reflecting Asia's diverse geo-political environment and vibrant editorial scene.

Central to the SOPA Awards' ongoing success is the high caliber of international judges who preside over the award entries. The SOPA Awards have consistently secured judges from many of the region's leading newspapers as well as consumer and trade magazines and academics from prestigious universities – a reflection of the stature of the awards. Judges ensure that entries are analyzed and selected according to a demanding set of criteria.

The SOPA Awards are coordinated by a committee of publishing professionals from the business and editorial sectors. These dedicated individuals volunteer their time throughout the year to ensure the awards' rules, judges, entries; event, sponsorships and promotions all come together smoothly.

The SOPA Awards set a valuable benchmark for the industry, and have become news items in their own right, generating media coverage and attention not only across the Asia-Pacific region, but also on the global arena."

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