SINGAPORE : Singapore's 50 most enterprising privately-owned companies for this year were honoured at the Enterprise 50 Awards on Thursday.
Contractor Lian Soon Construction topped the awards list, while developer EL Development came in at second place, followed by components manufacturer Superworld Electronics.
In its 18th year, the theme of this year's awards is "navigating through tough times", emphasising on the projected growth of companies.
The nominees were evaluated based on financial performance indicators such as turnover and profit growth, as well as their management and marketing strategies.
These strategies include business models, management ideals and governance and market branding.
Minister in Prime Minister's Office and Second Minister for Trade and Industry, Mr S Iswaran, who was the guest of honour at the ceremony, said: "To thrive and succeed in such a challenging global and domestic operating environment, our enterprises will need to be adept and agile to seize opportunities. Companies must be willing and able to innovate, restructure and refine their business models. Indeed, that is the essence of entrepreneurship and our E50 winners are excellent examples of how success can be attained though innovation and productivity-driven growth."
- CNA/il
Lian Soon Construction leads Enterprise 50 Awards
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Lian Soon Construction leads Enterprise 50 Awards
