SINGAPORE - The business pioneers in Singapore have left behind a rich legacy, which the next generation of entrepreneurs and business representatives should carry forward.
Their success was a result of "working together as a community, taking care of the less fortunate, and succeeding in spite of their adverse conditions", said President Tony Tan, in his address at the SG50 Outstanding Chinese Business Pioneers Awards on Friday evening.
"I therefore urge the next generation of entrepreneurs and business representatives (here) to continue the good work of your predecessors."
A total of 28 Chinese business pioneers in Singapore were recognised for their entrepreneurial spirit and achievements at the event, which was organised by the Singapore Chinese Chamber of Commerce & Industry (SCCCI) as part of its SG50 celebrations.
The awards, held at the Ritz-Carlton Hotel, were aimed at paying tribute to Chinese individuals who have helped shaped the country in its early years as a young nation, said SCCCI president Thomas Chua.
"They are captains of industry who have contributed to economic development, and they are also community leaders, actively giving back to society," he added.
One of the award recipients was Mr Tao Shing Pee, chairman of real estate developer Shing Kwan Group, who, at 99 years old, was also the oldest among them.
The winners came from various industries including food manufacturing, tourism, architecture, property development, cinema operations and healthcare.
At the event, Dr Tan noted that there will be many challenges as the economy enters a new phase of development.
But he added: "I am confident that with the fortitude our pioneers have shown us, we can rise to meet the challenges ahead of us."