Origins
The paper was originally founded as The Straits Times and covered all of what was then British Malaya, and Singapore, where it was based. This continued when Singapore became part of Malaysia in 1963, but upon its departure from the Federation in 1965, a separate paper published and based in Malaysia the New Straits Times, was established, whilst The Straits Times has continued publication in Singapore.
In 1972, The then-owner, the Straits Times Press (Malaysia) Berhad formed the News Straits Times Press (Malaysia) Sdn. Bhd. in a desire to meet the reasonable aspirations of Malaysians to have a majority shareholding in the company which produced the largest mass-circulation organ in the English language. An agreement was reached on 17 September 1972 between the directors of the Straits Times group and Tengku Razaleigh Hamzah for the disposal of 80 per cent of the stock of the New Straits Times Press (Malaysia) Sdn. Bhd for the Malaysian interets.
Read more about this topic: New Straits Times
Famous quotes containing the word origins:
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—W. T. Lhamon, U.S. educator, critic. “Material Differences,” Deliberate Speed: The Origins of a Cultural Style in the American 1950s, Smithsonian (1990)