The Review won the Excellence in Magazines prize, with an honourable mention going to Fortune.
Sopa said the Review won because of its "great reporting and sharp writing and also because it provided "the most in-depth report of Asia's place in the war against terrorism".
The Journal took home the Excellence in Newspapers accolade because it "embodies an outstanding marriage between objectives and execution in its stories". An honourable mention went to the International Herald Tribune.
Newsweek won the most number of top awards - Best Editorial Team, Best Opinion Piece, Excellence in Design, Best News Photography and Excellence in Feature Writing.
Time Asia also snapped up a number of major prizes including Excellence in Reporting and Best Feature Photography, while eCFO and CFO Asia took home the laurel for Excellence in Technology Coverage.
In the Chinese language section, Elle Taiwan won the Excellence in Magazines award, while Ming Pao triumphed in the Excellence in Newspapers category.
Rajasthan Patrika Hindi Daily won for Excellence in Reporting in the Indian-language section.
Zoher Abdoolcarim, the judging coordinator for the editorial awards committee, said that the awards, now in its fourth year, attracted a record 244 entries, whose quality was high across the board.
"The judges reported back that the entries were simply better than ever and that it was harder to split them. The awards were highly competitive: often very slim margins determined what won and what lost," he said.
Added Sopa chairman, Cyril Pereira: "This year's high number of entries and articles coming in from a wider range of publications clearly demonstrates the growing strength and quality of media in Asia.
"The great response was especially significant in light of a difficult 2001 for the industry with editorial resources affected by the pressures of an economic downturn."