Fifty most enterprising local SMEs recognised for spurring innovation and economic contributions at the 31st Enterprise 50 Awards

Singapore, 24 November 2025 – Fifty most enterprising local, privately-held companies were recognised today for their significant contributions to the economic development of Singapore at the 31^st Enterprise 50 (E50) Awards, jointly organised by The Business Times (BT) and KPMG.

Themed “Building A Resilient Nation: Enterprises as Pillars of Progress”, the 31^st E50 Awards spotlights small and medium-sized enterprises (SMEs) that create new opportunities, strengthen ecosystems, and contribute to Singapore’s long-term economic success.

The 31^st E50 Awards ceremony was held at Resorts World Convention Centre, and graced by Mrs Josephine Teo, Minister for Digital Development and Information and Minister-in-charge of Cybersecurity & Smart Nation Group.

The top three winners of the 31^st E50 Awards are:

• 1^st place: Poh Heng Jewellery Pte Ltd, the renowned Singaporean jeweller known for their dedication to high-quality craftsmanship and timeless, elegant design in gold jewellery over the last 77 years.
• 2^nd place: Pollisum Group Pte Ltd, a leading heavy-lift and logistics specialist, offering crane leasing, heavy transportation, maritime services, and steel fabrication, supported by a team of over 500 employees in Singapore and Malaysia.
• 3^rd place: EU Holidays Pte Ltd, an established travel agency founded in 2010 that has grown from a passionate startup to a comprehensive travel company serving destinations worldwide with over 320 travel professionals.

Three Special Awards were also presented to five companies:

• Winner of the Special Recognition Award – Internationalisation: JUB Pacific Pte Ltd, Asia’s leading jack-up barge operator with a strong strategic roadmap for overseas expansion.
• Winner of the Special Recognition Award – Sustainability Innovation: Commonwealth Kokubu Logistics Pte Ltd, a leading cold-chain specialist with new digital and automation capabilities such as multi-temperature campuses, shaping a modern logistics model that blends precision with innovation to deliver reliable, high-performance logistics solutions anchored in quality, safety, and operational excellence.
• Generation Next Communications Pte Ltd, KinderWorld International Group Ltd, and MaxSteel Enterprise Pte Ltd received the Five-Year Award for being E50 awardees for five times.

Ms Chen Huifen, Editor of The Business Times, said, “The Business Times is happy to see more small and medium-sized enterprises go beyond just adapting to change. They are also shaping the future of business such as in the areas of sustainability and innovation, and making significant contributions to the economic development of Singapore. I hope that the E50 Awards will continue to serve as a platform to uplift our business community and celebrate their resilience and excellence.”

Ms Lee Sze Yeng, Managing Partner, KPMG in Singapore, said, “This year’s Enterprise 50 Awards winners redefine resilience as more than survival—it’s about agility. By embedding sustainability, embracing digital transformation, and forging partnerships, they’ve unlocked efficiencies, mitigated risks, and accelerated growth, raising the bar for excellence.”

The 31st E50 Awards recognises leading local enterprises that are shaping industries, strengthening networks, and positioning Singapore for continued global relevance. Since its inception in 1995, the E50 Awards has recognised more than 700 companies across key business sectors in Singapore.

The full list of winners for the 31st E50 Awards can be found in the Annex. More information about the Awards can also be found at bt.sg/e50.

The E50 Awards is jointly organised by BT and KPMG in Singapore, sponsored by OCBC, and supported by Enterprise Singapore, the Singapore Business Federation, and SGX Group.

For more information, please contact:  

Wu Wan Ying
External Communications
SPH Media
DID: +65 6319 1025
Email: wuwanying@sph.com.sg    

Alethea Lee
Associate Manager, Corporate Affairs
KPMG in Singapore
M: +65 9329 3300
Email: alethealee@kpmg.com.sg

Jeanie Lee
Head of Communications & Corporate Affairs
KPMG in Singapore
M: +65 9105 3957
Email: jeanielee@kpmg.com.sg

About the Enterprise 50 Awards

The Enterprise 50 Awards were launched in 1995 to identify, support, recognise and reward enterprising privately owned, local companies across all sectors. Since then, it has become a definitive list of the 50 most enterprising, privately held local companies in Singapore.

The E50 Awards is jointly organised by KPMG in Singapore and The Business Times, and sponsored by OCBC. Supporters of the awards include Enterprise Singapore, the Singapore Business Federation and Singapore Exchange.

Every year, applicants of 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. The qualitative criteria include management and marketing strategies such as the applicants’ business models, innovations, management ideals, governance, market branding and overall potential. For more information, please visit www.enterprise50.org.

About SPH Media

SPH Media is a leading media group, with operations in the publishing of newspapers, magazines, and books in both print and digital editions. It also owns and operates other businesses such as radio stations and outdoor media. The mission of SPH Media is to be the trusted source of news on Singapore and Asia, to represent the communities that make up Singapore, and to connect them to the world. The businesses are held by SPH Media Trust, a public company limited by guarantee. For more information on SPH Media, please visit www.sph.com.sg, and our social media channels on Facebook, Instagram, and LinkedIn.

About The Business Times

Singapore's only financial daily, The Business Times (BT), is the authoritative guide on local, regional and international business markets. In addition to corporate news and commentary, BT covers the startup, wealth, property, lifestyle and SME scenes, and tells you what you need to know about Asean and the world. It also has a young audience initiative known as Thrive. BT is part of SPH Media. For more information, please visit bt.sg.

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About KPMG in Singapore

KPMG in Singapore is part of a global organisation of independent professional services firms providing Audit, Tax and Advisory services. We operate in 142 countries and territories with more than 275,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

For more detail about our structure, please visit kpmg.com/governance.

For more information, visit kpmg.com.sg. 

LinkedIn: linkedin.com/company/kpmg-singapore

About OCBC

We are the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. We have grown from strength to strength to become a regional financial services group. With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented with a presence in the leading economies of New York, London and Sydney.

We are the second largest financial services group in Southeast Asia by assets with one of the world’s highest credit rating (Aa1 by Moody’s and AA- by both Fitch and S&P). With more than 400 branches and offices in Singapore, Malaysia, Indonesia, Vietnam and Thailand, as well as Mainland China, Hong Kong SAR, Macau SAR and Taiwan, OCBC is well-equipped to support your regional aspirations with our deep local knowledge – be it growing your personal wealth or capturing business opportunities – for now, and beyond.

We offer private banking services through our wholly-owned subsidiary, Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.

Our insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia.

About Enterprise Singapore

Enterprise Singapore is the government agency championing enterprise development.

The agency partners committed companies to build capabilities, innovate, and go global. It drives growth – empowering local businesses and shaping industries, anchoring Singapore as a trade and startup hub, and establishing trust in products through quality and standards.

Enterprise Singapore is here for wherever businesses are growing. Visit www.enterprisesg.gov.sg for more information.

About Singapore Business Federation

Singapore Business Federation (SBF) is the apex business chamber with over 32,000 members across diverse industries. With a vision to advance Singapore towards a globally competitive and sustainable economy, SBF mobilises the business community to be future-ready and magnify transformation opportunities through policy advocacy, partnership platforms and capability programmes.

For more information, please visit: www.sbf.org.sg.

About Singapore Exchange (SGX Group)

SGX Group seeks to serve as the world’s most trusted and efficient international marketplace, operating equity, fixed income, currency and commodity markets to the highest regulatory standards. As one ecosystem with global relevance and influence, we offer multiple growth avenues to our stakeholders through listing, trading, clearing, settlement, depository, data and index services. We are committed to lead on climate action by developing a world-class transition financing and trading hub through SGX FIRST (Future in Reshaping Sustainability Together), our multi-asset sustainability platform. Headquartered in AAA-rated Singapore, we are globally recognised for our risk-management and clearing capabilities. Find out more at www.sgxgroup.com.