Singapore, 25 November 2024 – The 30th Enterprise 50 (E50) Awards recognised and celebrated fifty local enterprises in Singapore for their innovation and grit today. Themed “Celebrating Legacies and Inspiring the Future”, this twin focus ensures that we keep sight of not only the past and current winners in our midst; it also motivates others to emulate and exceed their achievements – and reinforces the need to look ahead. The 30th E50 Awards ceremony was held at Resorts World Convention Centre. Deputy Prime Minister, Mr Heng Swee Keat was the Guest-of-Honour.

Jointly organised by The Business Times (BT) and KPMG in Singapore, the top three awards were presented to Choon Huat Engineering, Maneuver Marketing and Supreme Components International for their following achievements:

  • 1st place: Choon Huat Engineering for being at the forefront of promoting sustainability within the construction industry. It has invested in greener alternatives such as electric forklifts that reduce emissions and noise pollution. This initiative reflects the company's broader commitment to eco-friendly practices, and its aim to contribute to more productive and healthier work environments.
  • 2nd place: Maneuver Marketing for specialising in e-commerce brands focused on health and wellness. The company has distinguished itself by building, operating, and scaling its own brands, and has achieved remarkable success without external funding.
  • 3rd place: Supreme Components International for enabling original equipment manufacturers, contract electronics manufacturers, and resellers to connect and obtain near-instant access to electronic components. The company has helped progressive high-technology electronic and LED enterprises to design and procure the best components for nearly 20 years, building world-class electronics, lighting equipment and luminaries, as well as Internet of Things/artificial intelligence systems.

Four Special Awards were presented to five companies:

  • Sing Fuels Pte Ltd was conferred the Special Recognition Award - Internationalisation for being the leading specialist in the trading of marine fuels and lubricants, and providing shipping support services to ship owners, charterers, and traders in the bunkering sector.
  • Elitez Group won the Special Recognition Award- Sustainability Innovation for addressing manpower gaps in the fast-moving consumer goods (FMCG) industry. The company provided manpower for retail and promotional activities, eventually becoming the leading agency in the FMCG sector.
  • ITCAN Pte Ltd received the Ten-Year Award for receiving the E50 awards for ten years.
  • Almarc Engineering and Khaitan International received the Five-Year Award for being an E50 awardee for five years.

Ms Chen Huifen, Editor of The Business Times, said, “I am truly inspired by the resilience of these SMEs, each overcoming unique challenges to thrive in their industries. It is particularly encouraging to see some of them taking steps to reduce their carbon footprints through their operations. I hope the E50 Awards will continue to motivate even more businesses to explore innovative pathways for growth and sustainability.”

Ms Lee Sze Yeng, Managing Partner, KPMG in Singapore, said, “As we approach 2025, adopting a distinctive strategy to stand out in a crowded market will be the defining narrative. Enterprises are answering this call by critically evolving and driving change. This year's Enterprise 50 Awards reflect this momentum, showcasing winners with a strong clarity of thought regarding their future direction. Many are innovating within the business fundamentals for which they have been renowned for. These business fundamentals are powerful differentiators, driving the E50 winners' success. By thoughtfully transforming existing business models to enhance proven strengths, these enterprises have opened new markets and expanded their service offerings, securing a robust foundation for their future growth."

Over the past 30 years, the E50 Awards has recognised more than 700 companies across key business sectors in Singapore. The E50 Awards is sponsored by OCBC, and supported by Enterprise Singapore, the Singapore Business Federation, and SGX Group. The full list of winners for the 30th E50 Awards can be found in the Annex. More information on the Awards can also be found at bt.sg/e50.


For more information, please contact:  

Danica Leo

External Communications 

SPH Media

DID: +65 9337 2171

Email: danicaleo@sph.com.sg

 

Alethea Lee

Associate Manager, Corporate Affairs

KPMG in Singapore

M: 9329 3300

Email: alethealee@kpmg.com.sg

 

Jeanie Lee

Director, Head of Communications & Corporate Affairs

KPMG in Singapore 

M: 9105 3957

Email: jeanielee@kpmg.com.sg

 

 

About the Enterprise 50 Awards

The Enterprise 50 Awards were 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 www.enterprise50.org.

 

About SPH Media

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 www.sph.com.sg, and our social media channels on FacebookInstagramLinkedIn, and YouTube.

 

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 world. It also has a young audience initiative known as Thrive. BT is part of SPH Media. For more information, please visit bt.sg.

Facebook: https://www.facebook.com/thebusinesstimes/

LinkedIn: https://www.linkedin.com/showcase/the-business-times

X: https://x.com/BusinessTimes

Instagram: https://www.instagram.com/businesstimessg/

Telegram: https://t.me/BizTimes

 

About KPMG in Singapore

KPMG in Singapore is part of a global organisation of independent professional services firms providing Audit, Tax and Advisory services. We operate in 144 countries and territories with more than 236,000 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.

Facebook: https://www.facebook.com/kpmgsg/

LinkedIn: linkedin.com/company/kpmg-singapore

Instagram: https://www.instagram.com/kpmgsingapore/

Tik Tok: https://www.tiktok.com/discover/kpmg-singapore

YouTube: https://www.youtube.com/KPMGinSingapore

 

About OCBC

We are the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. We have grown from strength to strength to become a regional financial services group. With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented with a presence in the leading economies of New York, London and Sydney.

We are the second largest financial services group in Southeast Asia by assets with one of the world’s highest credit rating (Aa1 by Moody’s and AA- by both Fitch and S&P). With more than 400 branches and offices in Singapore, Malaysia, Indonesia, Vietnam and Thailand, as well as Mainland China, Hong Kong SAR, Macau SAR and Taiwan, OCBC is well-equipped to support your regional aspirations with our deep local knowledge – be it growing your personal wealth or capturing business opportunities – for now, and beyond.

We offer private banking services through our 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.

Our insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia.

 

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 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: www.sbf.org.sg

 

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 www.sgxgroup.com.

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Annex

Rank

Company Name

1

Choon Huat Engineering Pte Ltd

2

Maneuver Marketing Pte Ltd

3

Supreme Components International Pte Ltd

4

Prism Tech Pte Ltd

5

Generation Next Communications Pte Ltd

6

Oilfield Services & Supplies Pte Ltd

7

Sing Fuels Pte Ltd

8

AVM Capital Pte Ltd

9

Kinderworld International Group Ltd

10

Business Edge Personnel Services Pte Ltd

11

Sin Chew Woodpaq Pte Ltd

12

Almarc Engineering Pte Ltd

13

Wang Learning Centre Pte Ltd

14

KC Group Pte Ltd

15

Dian Xiao Er Group Pte Ltd

16

Busways Pte Ltd

17

Hock Seng Hoe Metal Co Pte Ltd

18

Millennium 3 Building Products Pte Ltd

19

Benjamin Barker Aust Pte Ltd

20

Pinnacle Marine (Singapore) Pte Ltd

21

Excel Marco Industrial Systems Pte Ltd

22

Elitez Group Pte Ltd

23

Mao Sheng Quanji Construction Pte Ltd

24

Brewerkz Group Pte Ltd

25

Pal Container Line Pte Ltd

26

Interlock Security And Investigation Services Pte Ltd

27

Dezign Format Pte Ltd

28

ICF International Pte Ltd

29

Geniusys Pte Ltd

30

Maxsteel Enterprise Pte Ltd

31

Goodwill Entertainment Holding Pte Ltd

32

Sin Gee Huat Recycling Pte Ltd

33

Ya Kun (S) Pte Ltd

34

Marunda Utama Engineering Pte Ltd

35

Nuffield Holdings Pte Ltd

36

Crawfort Pte Ltd

37

Swan Swee Construction Pte Ltd

38

CSP Maintenance Pte Ltd

39

TTS Group Pte Ltd

40

Acclaim Insurance Brokers Pte Ltd

41

JR Life Sciences Pte Ltd

42

Four Star Industries Pte Ltd

43

ITCAN Pte Ltd

44

RS Facilities Services Pte Ltd

45

Wiselink Technology Pte Ltd

46

Explomo Corporation Pte Ltd

47

Paw Leck Engineering Pte Ltd

48

C&R Interiors Pte Ltd

49

Smitech Holdings Pte Ltd

50

Khaitan International Pte Ltd

Five-Year Award

  1. Almarc Engineering Pte Ltd
  2. Khaitan International Pte Ltd

Ten-Year Award

  1. ITCAN Pte Ltd

Special Recognition Award- Internationalisation

  1. Sing Fuels Pte Ltd

Special Recognition Award- Sustainability Innovation

  1. Elitez Group Pte Ltd