Three local entrepreneurs named Overall Winners of The Entrepreneur of the Year Award

Singapore, 23 November 2017 – Three local entrepreneurs were conferred Overall Winners of the Entrepreneur of the Year Award (EYA) 2017 at the Award Presentation Ceremony held at The Ritz-Carlton, Millenia Singapore. The event was graced by Guest-of-Honour, Speaker of Parliament, Mr Tan Chuan-Jin.

Mr Toby Koh Fuwei, 47, Group Managing Director of Ademco Security Group Pte Ltd, was the Overall Winner of the Established Entrepreneur Category. Mr Koh’s company is a leading innovative service provider of security and business management solutions, and he owns the largest fire Decentralised Central Alarm Monitoring (DECAM) centre in Singapore. He was the first to introduce the autonomous Security Patrol Robot service backed by a 24-hour Central Monitoring and Command Centre. The robots are used to patrol, detect, and report on security breaches, enabling security officers to focus on higher skilled duties and ease manpower challenges in the security sector.

At the ceremony, Mr Jason Lim Chye Teng from Old Street Bak Kut Teh, and Mr Simon Ng Chee Chuang from Leacov Singapore Pte Ltd were named Overall Winners of the New Entrepreneur Category.

Mr Jason Lim, 52, owns one of the largest chain of Bak Kut Teh restaurants in Singapore and he was the first entrepreneur to bring Bak Kut Teh into shopping malls. Having 15 outlets in Singapore as well as several outlets in Malaysia, Indonesia and China, Mr Lim plans to continue expanding his restaurant chain, regionally and globally.

Similarly, Mr Simon Ng, 41, has done well in building a one-stop centre for Security Professional Training. His company offers a full spectrum of training courses on security, customer service, fire safety, first aid, CPR & AED. He also introduced blended learning in the training courses to allow learners to experience Mixed Reality Learning together with class lessons. Mr Ng intends to explore deeper into e-learning training in the future by implementing augmented reality, virtual reality and kinetic coach technology into training.

The EYA is currently into its 29th year honouring and celebrating the achievements of local entrepreneurs. Co-organised by the Association of Small & Medium Enterprises (ASME) and Rotary Club of Singapore, the Award seeks to continue uplifting the profile of homegrown Entrepreneurs and inspire entrepreneurial success in the business community.

Mr Kurt Wee, President of ASME, said, “Singapore’s rapidly transforming business landscape calls for business owners to continually assess their business model, and rethink how technology adoption and integration can enable them to be better positioned for the future. Showing keen vision and strong determination to transform and adapt, Winners of EYA 2017 have proved their strength to achieve entrepreneurial success. I hope the Winners can leverage on the EYA to springboard themselves towards greater success, at the same time strengthen Singapore SMEs’ position on the regional and global stage.”

Mr Keith Harrison, President of the Rotary Club of Singapore, said, “The journey of enterprise is a never-ending learning process. The Winners of EYA 2017 have enormously transformed their businesses to capture new markets and achieve outstanding growth. Moreover, not only have they channelled their efforts to be successful in business, they have also done so in a responsible manner having great regard for the community in which they operate. This spirit of enterprise is highly commendable and infinitely inspiring.”

OCBC returns as the main sponsor of the EYA for the 16th year running, remaining committed to supporting SMEs and entrepreneurship in Singapore.

Mr Linus Goh, Head, Global Commercial Banking, OCBC Bank, said, “In our 16th year as main sponsor of the Entrepreneur of the Year Award, we at OCBC Bank continue to be spurred on by the passion, energy and grit exhibited by the winners as they confront and overcome new challenges in their business life cycle. Together, these winners represent a formidable force for the future of entrepreneurship in Singapore.”

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