CEO of PatSnap Jeffrey Tiong wins EY Entrepreneur of the Year 2018 Singapore

CEO of PatSnap Jeffrey Tiong wins EY Entrepreneur of the Year 2018 Singapore

By: 
Samantha Chiew
26/10/18, 10:30 pm

SINGAPORE (Oct 26): Jeffrey Tiong, CEO, PatSnap has been named EY Entrepreneur Of The Year (EOY) 2018 Singapore by EY.

The results were announced at the 17th EY EOY awards gala held at The Ritz-Carlton, Millenia Singapore on Friday evening.

Tiong also won the EY Entrepreneur Of The Year – Analytics Intelligence.

He will go on to represent Singapore in the EY World Entrepreneur Of The Year (WEOY) to be held in Monte Carlo, Monaco in June 2019.

At the WEOY, Tiong will compete against more than 50 other countries for the coveted world title.

The EY WEOY competition is the hallmark of the awards program, offering a platform to profile local entrepreneurs among the world’s best business leaders.

Chairman of the judging panel, Robert Yap, also Executive Chairman of YCH Group says, “Jeffrey is an outstanding technopreneur and innovator in his use of analytics intelligence to address the information gap in the R&D industry. He did not let his youth or inexperience hold back his bold ambition. He pursued his entrepreneurial vision upon graduation with resilience and learned how to grow and lead a business. By taking strategic risks to disrupt the industry, he was able to carve out a new market and build a notable presence worldwide. Since the launch of PatSnap in 2012, his company now serves 3,000 organizations spanning 28 countries.” 

On winning the award, Tiong says, “It is a great honor to win this award. This would not be possible without the support of all the people around me – my family and my team.”

In addition, EY also presented five other EOY category awards:

  • EY Entrepreneur Of The Year – Engineering and Construction
    Von Lee Yong Miang, Chairman, Expand Construction Pte Ltd
  • 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 Pte Ltd 
  • EY Entrepreneur Of The Year – Sustainable Bathroom Solutions
    Christopher Ng, Group CEO, Rigel Technology (S) Pte Ltd
  • EY Entrepreneur Of The Year – Outsourced Solutions 
    Laurent Junique, CEO, Teledirect Pte Ltd

See: 5 named winners of EY Entrepreneur of the Year 2018

Max Loh, EY Asean and Singapore managing partner, Ernst & Young LLP, says, “Innovation is vital to building future-ready businesses and a resilient and competitive economy. While government and regulatory support is important in creating an enabling ecosystem for innovation to flourish and go beyond ideation, it takes every individual and business to reignite the curiosity and courage within each of us to never stop questioning if there is a better way to build a better business for a better working world.” 

Guest-of-honour, Josephine Teo, minister for manpower, says, “What is remarkable is that these businesses started even as employment rates have increased and unemployment rates remained low. Which means people were not turning to entrepreneurship because they had no other options.  Although it is competitive, there are still opportunities. Being part of a growing region has also helped.”

The Edge Singapore is one of the official media partners for EY EOY 2018

Winners and losers from Singapore's budget as election looms

SINGAPORE (Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead of an election that could come as early as this year. Heng announced a new $8 billion support package for seniors in his budget speech on Monday, as well as measures to help local businesses adopt new technologies. The expansionary fiscal plan will push the overall budget deficit to 0.7% of gross domestic product in the year ending March 2020, from a revised surplus of 0.4% this year. The finance minister opened....
Read More >>

Sasseur REIT FY18 DPU exceeds IPO forecast by 12.6%

SINGAPORE (Feb 18): The manager of Sasseur REIT announced a 4Q18 DPU of 1.999 cents, 28.1% higher than forecast. This also brings 2H18 DPU to 3.541 cents and FY18 DPU to a total of 5.128 cents. Sasseur REIT offers investors the unique opportunity to invest in the fast-growing retail outlet mall sector in China through its initial portfolio of four quality retail outlet mall assets. 4Q18 distributable income came in at $23.6 million, 28.1% higher than forecast while EMA rental income came in 1.6% higher than forecast at $31.2 million. Based on the Feb 18 closing unit price of $0.71,....
Read More >>

DBS chief sounds cautious note, but expects modest growth this year

SINGAPORE (Feb 18): Looking to the future, DBS CEO Piyush Gupta sounded a cautious note. For one, mortgage bookings have fallen by 30% to 40% since additional cooling measures were announced in July last year, he said. However, loan growth should continue and is likely to come from the corporate sector. See also: DBS reports 8% rise in 4Q earnings to $1.32 bil; brings FY18 earnings to new record high “We guided for mid-single digit loan growth and we are keeping to this loan growth estimate. I anticipate we will still see choppy markets and macro-economic slowdown,” Gupta says. Among....
Read More >>