Singapore, 27 March 2024 – Nominations for the 30th Enterprise 50 (E50) Awards, jointly organised by The Business Times (BT) and KPMG in Singapore, are now open.

Themed “Celebrating Legacies and Inspiring the Future”, this milestone year celebrates three decades of the Awards’ history, honouring the past contributions of previous winners and setting new benchmark success.

In conjunction with the 30th anniversary and launch of the Awards, BT and KPMG in Singapore co-hosted a panel discussion to mark the launch. Dr Amy Khor, Senior Minister of State for Sustainability and the Environment and Transport, graced the launch event and was a panellist for the discussion.

Titled “Lightening the Carbon Load for SMEs”, the panel discussion was moderated by Ms Wong Pei Ting, Correspondent at The Business Times, and featured three other panellists: Mr Mike Ng, Group Chief Sustainability Officer of OCBC, Ms Cherine Fok, Partner, Head of Our Impact Plan, KPMG in Singapore, and Mr Mark Lee, CEO of Sing Lun Holdings.  

The panellists discussed the challenges that private enterprises face when pursuing green goals, and how they can be further supported in innovating for the green transition.

Launched at the SPH Media News Centre Auditorium this morning, the E50 Awards seeks to celebrate the 50 most innovative and competitive local privately held companies, which have contributed to the economic development of Singapore, both locally and abroad.

The 30th edition of E50 Awards is sponsored by OCBC and supported by Enterprise Singapore, the Singapore Business Federation and the Singapore Exchange Group. 

Ms Chen Huifen, Editor of The Business Times, said, “As we mark three decades of recognising the most enterprising local, privately held companies, we hope that the E50 Awards will continue to celebrate legacies and inspire more local enterprises to demonstrate innovation and resilience for the next 30 years and beyond.”

Mr Chiu Wu Hong, Partner and Head of Private Enterprise at KPMG in Singapore, said, “For 30 years, the E50 Awards have been testament to the work of Singapore’s top-performing homegrown companies. The economic outlook in 2024 is mixed, with potential disruptions in global energy markets and supply chains due to geopolitical tensions. In such an environment, businesses need to quickly foster an innovative mindset, finding creative go-to-market solutions to tackle challenges head-on while building on the trust that they have achieved in the market. Emerging areas such as ESG remain full of opportunities especially with renewed commitments by countries to transit to a greener future. Celebrating the success of these companies signal that regardless of size, our businesses have the capabilities to make their mark and contribute to Singapore’s economic prosperity.”

More information on the Awards can be found at the E50 website:

For more information, please contact:

Adeline Tan
Associate Manager, Marketing & Communications
KPMG in Singapore
M: 9187 7137

Jeanie Lee
Director, Marketing & Communications
KPMG in Singapore
M: 9105 3957

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. 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


About SPH

SPH Media is a leading media group, with operations in the publishing of newspapers, magazines, and books in both print and digital editions. It also owns and operates other businesses such as radio stations and outdoor media. The mission of SPH Media 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. The businesses are held by SPH Media Trust, a public company limited by guarantee. For more information on SPH Media, please visit, and our social media channels on FacebookInstagramLinkedIn, and YouTube.


About The Business Times

Singapore's only English 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







About KPMG in Singapore

KPMG in Singapore is part of a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 143 countries and territories with more than 273,000 partners and employees 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.



About OCBC

Headquartered in Singapore, OCBC is one of Southeast Asia's largest financial service providers. Recognised for our financial strength and stability, OCBC’s global reputation has been built through relationships and results, from serving customers across 19 countries and regions.

As Asia's top SME bank, we offer customers unparalleled access to ASEAN and Greater China, to support their increasingly cross-border aspirations and growth. Through our One Group approach, we leverage the combined strength of our comprehensive network, backed by our wide array of bespoke banking solutions for financing, advice, trade and cash management, to help our customers achieve their business goals.

In ASEAN, OCBC services the top seven markets which contribute to over 98% economic growth of the region, using locally incorporated banking and insurance subsidiaries, and bank branches and offices. In Greater China, we have 67 branches in 17 cities in mainland China, Hong Kong SAR, Macau SAR and Taiwan, complemented by our partnership with Bank of Ningbo.

Recognising the uniqueness of SMEs at different life stages, segments, and industries, we tailor solutions to specific needs and deliver them at scale to our customers. As sustainability and net-zero grow in importance, OCBC supports SMEs at every step of their sustainability journey – from education and outreach to developing partnerships and ecosystems, with easy access to financing through the OCBC Sustainable Finance Framework. We aim to empower businesses to embrace sustainable initiatives – to "Do Well, Do Good and Do Now“ as we come together to close the gap towards a sustainable future.


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 for more information.


About Singapore Business Federation

The Singapore Business Federation is the apex business chamber championing the interests of the Singapore business community in the areas of trade, investment and industrial relations. It represents more than 30,000 companies, as well as key local and foreign business chambers.

For more information, please visit


About Singapore Exchange (SGX Group)

SGX Group seeks to serve as the world’s most trusted and efficient international marketplace, operating equity, fixed income, currency and commodity markets to the highest regulatory standards. As one ecosystem with global relevance and influence, we offer multiple growth avenues to our stakeholders through listing, trading, clearing, settlement, depository, data and index services. We are committed to lead on climate action by developing a world-class transition financing and trading hub through SGX FIRST (Future in Reshaping Sustainability Together), our multi-asset sustainability platform. Headquartered in AAA-rated Singapore, we are globally recognised for our risk-management and clearing capabilities. Find out more at


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