Recognizing Singapore’s top privately-held companies for the past 25 years.
The Enterprise 50 Awards was launched in 1995 to identify, support, recognize 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.
The E50 Awards is jointly organized by The Business Times and KPMG, supported by Enterprise Singapore, the Singapore Business Federation and the Singapore Exchange, and sponsored by OCBC Bank. It presents a prestigious platform which enterprises can leverage on to achieve greater success – winning here has helped open doors for new businesses, and provide an excellent springboard towards an IPO listing.
Every year, 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 sustainability.
With the circuit breaker measures announced by the government, SMEs in particular have been hard hit, with many of them unable to operate at all, or only at much-reduced levels. We have been speaking to several business owners on the ground and heard first-hand the struggles they are going through to keep their businesses afloat in these difficult and uncertain times.
Since its establishment in 1995, the E50 Awards has always sought to be a platform to give back to local enterprises, who are the lifeblood of the Singapore economy, driving growth for the country. However, given the extraordinary circumstances that we are in, we have decided to postpone the launch of this year’s awards for at least a month so that businesses can focus on the immediate challenges that lie ahead of them.
We are firm believers in the resilience and unwavering entrepreneurial spirit of the Singapore business community. Together, we can work through this crisis and emerge stronger, ready to seize the opportunities that our recovery will bring.
We are hopeful that the E50 Awards will still take place this year. We will continue to monitor the situation closely and revisit the decision in May.
Find out more about E50 here.
For enquiries, please email the E50 Secretariat at firstname.lastname@example.org