5 named winners of EY Entrepreneur of the Year 2018

5 named winners of EY Entrepreneur of the Year 2018

By: 
Samantha Chiew
11/09/18, 12:00 pm

SINGAPORE (Sept 10): Professional services organisation EY today announced the five recipients of its 17th EY Entrepreneur of the Year (EOY) 2018 Singapore awards. They are:

EY Entrepreneur of the Year – Engineering and Construction
Von Lee Yong Miang, Chairman, Expand Construction

EY Entrepreneur of the Year – Analytics Intelligence
Jeffrey Tiong, CEO, Patsnap

EY Entrepreneur of the Year – Media and Lifestyle
Cheong Chia Chou, Managing Director, Pictureworks

EY Entrepreneur of the Year – Sustainable Bathroom Solutions
Christopher Ng, Group CEO, Rigel Technology (S)

EY Entrepreneur of the Year – Outsourced Solutions
Laurent Junique, CEO, Teledirect

The five winners will continue to compete for the grand prize: to be named EY Entrepreneur of the Year 2018 Singapore and represent Singapore at the annual EY World Entrepreneur of the Year (WEOY) award in Monte Carlo in 2019 to compete with contenders from over 50 countries.

The Singapore representative to the WEOY will be announced at the EY EOY Awards Gala, which will be held on Oct 26 at The Ritz-Carlton, Millenia Singapore. The gala will be officiated by Guest-of-Honor, Minister for Manpower and Second Minister for Home Affairs, Josephine Teo.

The winners were selected from over 40 nominations by an independent judging panel, based on their merits in fulfilling the six global judging criteria, namely entrepreneurial spirit, financial performance/value creation, strategic direction, national and global impact, innovation and personal integrity/purpose-driven leadership.

Max Loh, EY Asean and Singapore managing partner Ernst & Young LLP, says, “Our winning entrepreneurs stand up to disruption as an opportunity to innovate and grow even as they, like most other businesses, are confronted with many uncertainties and changes that come with a fast-evolving business landscape.”

At the same time, the awards will be recognising OUR Executive Chairman Stephen Riady's entrepreneurial and civic leadership in Asean, as he has been named the winner of this year’s EY Asean Entrepreneurial Excellence award.

This award is an honorary award that is presented on board the EOY platform (the award recipient does not compete for the EOY Singapore 2018 title). This award recognises successful Southeast Asian businesses that contribute to the economy and community in the region.

In addition, the EOY will be honouring the legacy of Sing Lun Holdings, as it has been awarded the EY-Standard Chartered Family Business Award of Excellence, another honorary award that is presented on board the EOY platform.

Standard Chartered Bank is a major sponsor of the EY EOY awards program, as well as the co-presenter of the EY-Standard Chartered Family Business Award of Excellence, for the second year running.

2019 GDP growth to ease to 'slightly above midpoint' of 1.3-3.5% forecast: MAS

SINGAPORE (Apr 26): MAS expects GDP growth to come in slightly above the mid-point of 1.3-3.5% forecast range in 2019, as growth momentum of the global economy has moderated at the turn of the year amid sluggish trade. This was according to the Guide to the Macroeconomic Review April 2019, released by the Monetary Authority of Singapore’s (MAS) Economic Policy Group on Friday morning. On the back of easing GDP growth, MAS has decided to maintain the current rate of appreciation of the SGD NEER policy band. This policy stance is consistent with a modest and gradual appreciation path of ....
Read More >>

CapitaLand Mall Trust kept at 'hold' by OCBC and Maybank on higher mall supply, soft retail sector

SINGAPORE (Apr 26): OCBC Investment Research says CapitaLand Mall Trust’s (CMT) 1Q19 results met its expectations. Gross revenue rose 10.0% y-o-y to $192.7 million while NPI jumped 11.5% to $140.1 million, forming 25.1% of its FY19 forecast. See: CapitaLand Mall Trust declares 3.6% higher DPU of 2.88 cents on higher income OCBC says Funan has already achieved high pre-commitment levels of 90%, and is on track to open in the middle of 2019 and will thus contribute to CMT’s earnings progressively from 2H19. However, the near-term outlook remains cautious given the higher supply, ....
Read More >>

Singapore's GLP plans US$3 billion IPO for its US warehouses

(Apr 26): Singapore-based GLP is planning an initial public offering (IPO) for its US operations that could raise about US$3 billion ($4.09 billion). GLP may seek to value the operations at more than US$20 billion, and the firm is said to have confidentially filed with securities regulators for the planned offering. Much of GLP’s US business stems from a 2014 deal to acquire IndCor Properties from Blackstone Group for US$8.1 billion. The offering could help GLP recoup funds after it was taken private by a management-backed consortium from the Singapore stock exchange last year. GLP ....
Read More >>