Singapore is a Southeast Asian island city-state off the southern tip of the Malay Peninsula, 137 kilometers north of the equator. Singapore is the world's fourth leading financial centre, and its port is one of the five busiest ports in the world. The print media are largely controlled by Singapore Press Holdings (SPH), publisher of the flagship English-language daily, The Straits Times. SPH publishes all daily newspapers with the exception of TODAY, which is owned by MediaCorp. Singapore Press Holdings Limited (SPH) is a media organization in Singapore with businesses in print, Internet and new media, television and radio and outdoor media. In Singapore, SPH publishes 18 newspaper titles in four languages. On an average day, 3.05 million individuals or 76 per cent of people above 15 years old, read one of SPH's news publications.