2022 E50 Awards: Nominations open for high potential enterprises to drive Singapore’s next phase of growth
4 April 2022: The Business Times and KPMG in Singapore today announced that nominations for the 2022 Enterprise 50 (E50) Awards are now open.
This year’s Awards, with the theme 'Ready, Reset, Grow', echoes Singapore’s Budget 2022 measures to transition out of the recovery phase into a more sustainable future, with a focus on long-term growth for enterprises. The 2022 E50 will award 50 homegrown enterprises for taking bold steps in being adaptable, reinventing themselves to chart new paths of growth amid uncertain business landscape while understanding the need to accelerate green transition.
Back for its 28th edition, the annual E50 Awards is jointly organised by The Business Times, Singapore’s only financial daily published by SPH Media Trust, and KPMG in Singapore, with OCBC Bank as the presenting sponsor. The virtual launch of the awards was attended by 86 business leaders from more than 76 local enterprises.
Speaking at the launch of this year’s Awards, Mr Wong Wei Kong, Editor of The Business Times, said: “As Singapore companies put the pandemic behind them, the focus will be back on growth. Yet it is also clear that it cannot be business as usual, or even growing as before. Companies will face the challenge of growing sustainably, being held more accountable for the impact they make. We hope the E50 awards will help in this reset by highlighting, recognising and exemplifying Singapore enterprises leading this next phase of growth.”
Mr Jonathan Ho, Partner, Head of Private Enterprise at KPMG in Singapore, said: “The next decade will be a time of intense competition worldwide, as economies open up post-pandemic, and more companies strive to leverage environmental, social and governance (ESG) aspects as a lever for growth. Supporting the ambitions of high potential Singapore companies will take more than just opening doors or providing relief packages for them to expand, though these certainly help.
“At the ecosystem level, industry players should play a part to level up the expertise and standards of these companies through competitive platforms like the E50 awards that provide opportunities for feedback and benchmarking of capabilities at a national level. Such platforms also raise the visibility of these businesses, so that they can be sighted more easily by larger corporates to jointly develop innovations or go to market overseas together, while calling out their strengths to venture capital and other sources of investment.”
Guest speaker Marcus Neo, CEO of Omni-Plus System Limited, a recipient of the 2020 E50 Awards in the Special Recognition Category for Enterprise Transformation shared his business expansion journey towards the firm's initial public offering debut on the Tokyo Stock Exchange last year.
The E50 Awards was launched in 1995 to identify, support, recognise and reward the most outstanding local companies across all sectors. Through the years, the E50 Awards has always been a sought-after stamp of excellence, regarded as a definitive list of the 50 most enterprising, privately-held companies in Singapore.
Applicants for the E50 Awards are evaluated and ranked using both quantitative and qualitative criteria. Quantitative factors include financial performance indicators such as operating profit before tax, turnover and profit growth. Qualitative criteria include management and marketing strategies, such as the applicants’ business model, management ideals and innovation, internationalisation, knowledge initiatives, market branding and presence, risk management and ESG practices.
Entry submissions for the 2022 E50 Awards will close on 30 June 2022 at 5.00pm. Applicants can sign up and find out more about the awards here.
2022 E50 Awards is supported by Enterprise Singapore, the Singapore Business Federation and the Singapore Exchange.
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About the Enterprise 50 Awards
The Enterprise 50 Awards was launched in 1995 to identify, support, recognise and reward enterprising privately-owned, local companies across all sectors. Since then, it has become a definitive list of the 50 most enterprising, privately-held local companies in Singapore. The E50 Awards is jointly organised by KPMG in Singapore and The Business Times, and sponsored by OCBC Bank. Supporters of the awards include Enterprise Singapore, the Singapore Business Federation and Singapore Exchange. Every year, applicants of the E50 Awards are evaluated and ranked using both quantitative and qualitative criteria. Quantitative factors include financial performance indicators such as operating profit before tax, turnover and profit growth. The qualitative criteria include management and marketing strategies such as the applicants’ business models, innovations, management ideals, governance, market branding and overall potential. For more information, please visit www.enterprise50.org
KPMG in Singapore is part of a global network of independent professional services firms providing Audit, Tax and Advisory services. We operate in 146 countries and territories and in FY20 had close to 227,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
For more information, visit kpmg.com.sg.
About The Business Times
Singapore's only financial daily, The Business Times (BT), is the authoritative guide on local, regional and international business markets. In addition to corporate news and commentary, BT covers the startup, wealth, property, lifestyle and SME scenes, and tells you what you need to know about Asean and the region. For more information, please visit bt.sg.
About SPH Media Trust
SPH Media Trust is incorporated as a public company limited by guarantee. The mission of SPH Media Trust is to be the trusted source of news on Singapore and Asia, to represent the communities that make up Singapore, and to connect them to the world. It has several business segments in the media industry, including the publishing of newspapers, magazines, and books in both print and digital editions. It also owns and operates other businesses including radio stations and outdoor media. For more information on SPH Media Trust, please visit www.sph.com.sg and our social media channels on Facebook, Instagram, LinkedIn, and YouTube.
About Singapore Business Federation
As the apex business chamber, the Singapore Business Federation (SBF) champions the interests of the business community in Singapore in trade, investment and industrial relations. Nationally, SBF acts as the bridge between the government and businesses in Singapore to create a conducive business environment. Internationally, SBF represents the business community in bilateral, regional and multilateral fora for the purpose of trade expansion and business networking.
For more information, please visit: www.sbf.org.sg
About OCBC Bank
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 450 branches and representative offices in 19 countries and regions. These include over 220 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 70 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.
OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.
OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
For more information, please visit www.ocbc.com
About Enterprise Singapore
Enterprise Singapore is the government agency championing enterprise development. The agency works with committed companies to build capabilities, innovate and internationalise.
It also supports the growth of Singapore as a hub for global trading and startups, and builds trust in Singapore’s products and services through quality and standards.
Visit www.enterprisesg.gov.sg for more information.
About Singapore Exchange Group
Singapore Exchange Group is Asia's leading and trusted securities and derivatives market infrastructure, operating equity, fixed income, currency and commodity markets to the highest regulatory standards. It also operate a multi-asset sustainability platform, SGX FIRST or Future in Reshaping Sustainability Together (sgx.com/first).
SGX Group is committed to facilitating economic growth in a sustainable manner leveraging our roles as a key player in the ecosystem, a business, regulator and listed company. With climate action as a key priority, SGX Group aims to be a leading sustainable and transition financing and trading hub offering trusted, quality, end-to-end products and solutions.
As Asia's most international, multi-asset exchange, SGX Group provides listing, trading, clearing, settlement, depository and data services, with about 40% of listed companies and over 80% of listed bonds originating outside of Singapore. We are the world's most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN. In foreign exchange, SGX Group is Asia's leading marketplace and most comprehensive service provider for global FX over-the-counter and futures participants. Headquartered in AAA-rated Singapore, SGX Group is globally recognised for its risk management and clearing capabilities. For more information, please visit www.sgx.com