Singapore, 22 November 2018 – Two local entrepreneurs were conferred Overall Winners of the Entrepreneur of the Year Award (EYA) 2018 at the Award Presentation Ceremony held at The Ritz-Carlton, Millenia Singapore. Another four entrepreneurs bagged sub-category awards in Business Strategy, Social Contribution, and Innovation & Technology. The event was graced by Guest-of-Honour, Minister for Trade and Industry, Mr Chan Chun Sing.
Mr Derrick Yap Khiam Wee, Chief Executive Officer of PBA International Pte Ltd, was the Overall Winner of the Established Entrepreneur category. Started from humble beginnings as a hardware trading company, PBA is now a leading end-to-end supplier for robotics and industrial 4.0 solutions, focusing on human capital and R&D in the field of robotics and automation. As CEO, Mr Yap oversees 30 companies in the Group with offices in 10 countries and over 500 employees across Asia.
At the ceremony, Mr Ng Kim Wah, Chief Executive Officer of Skyfy Technology Pte Ltd, was named Overall Winner of the New Entrepreneur category. With a strong motivation to make a positive impact on the lives of others and innate curiosity, Mr Ng entered the fleet management industry. Skyfy Technology’s software platform provides assistance to companies in terms of managing their transportation fleet more efficiently and more productively.
Co-Founder and Managing Director of Marunda Utama Engineering Pte Ltd, Ms Rachel Wong Mai Kim, was awarded the EYA for Social Contribution in the Established Entrepreneur category. Marunda focuses on the defence, marine and industrial segments, covering the territory of Asia to supply diesel, gas, dual fuel engines, gensets, spare parts and provide service and maintenance of mechanical and electrical machineries on board commercial, defence and private vessels. Under Rachel’s steadfast leadership, Marunda gives back to society through a vast depository of CSR initiatives, and employees are also encouraged to do their part by participating in community activities.
Mr Ryan Sumesh, CEO and Chairman of Vrobal Energy & Resources Pte Ltd, brought home the EYA for Innovation & Technology in the Established Entrepreneur category. Vrobal is a wholly-owned local waste management and recycling company that is a leading specialist in the trading and possessing of precious and non-precious metals from waste. The company has designed a Precious Metal Recovery System that applies a methodology to recover precious metals like gold, palladium and platinum to optimal levels from waste processing.
Mr Lai Kian Ming, Roy, Founder and CEO of InfoCorp Technologies Pte Ltd, received the EYA for Social Contribution in the New Entrepreneur category. InfoCorp Technologies was founded in 2015 with the intention to provide blockchain-based financial solutions for agricultural countries with a high livestock population. Roy’s innovative approach of utilising blockchain to prove ownership of livestock and allowing it to be used as collateral, reduced the lending risk for microfinancing institutions.
Dato’ Victor Tan Jenn Chyen, CEO of Top International Holding Pte Ltd, was awarded the EYA for Business Strategy in the New Entrepreneur category. The company specialises in Bauxite mining in Guinea, West Africa, and Bauxite trading. Top International was also the first bauxite exporter in Malaysia to perform anchorage loading to vessels by using tug boats and barges with floating cranes.
The EYA is currently into its 30th 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, “It’s always heartening when our local entrepreneurs venture and achieve success beyond Singapore. We know they will continue to make Singapore proud. All Winners of EYA 2018 have demonstrated strong passion in their business, and the desire to continually contribute back to society to improve the lives of others. This is indeed the defining trait of a successful entrepreneur.”
Mr Mark Wang, President of the Rotary Club of Singapore, said, “While finding success in business is key, true entrepreneurial spirit also encompasses the valuable trait of paying attention to social responsibilities. Those range from simply taking care of nature and the environment, to taking care of your employees, and to actively support those who are less fortunate in our community. So aside from profitability, business decisions should also be made in consideration of generating a positive impact on our society at large. Strong corporate social responsibility (CSR) initiatives are becoming increasingly important to all of us in Singapore and the world we live in.”
OCBC returns as the main sponsor of the EYA for the 17th year running, remaining committed to supporting SMEs and entrepreneurship in Singapore.
Tan Chor Sen, Executive Vice President, Global Commercial Banking, OCBC Bank, said, “The Winners of EYA 2018 impressed us with their ability to leverage data and digital to drive their businesses to greater heights. As a result, these entrepreneurs have been better able to understand what their customers need and then deliver top-notch products and services. This nimbleness and willingness to learn is admirable and will enable their continuous success. A big congratulations to them!”
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