Home-grown shipping firm BLPL came tops in this year's Enterprise 50 (E50) Awards last night, even as a downturn batters the maritime sector.
BLPL owns and operates 30,000 containers, including temperature-controlled and special equipment for carrying perishables and oversized cargo.
One of the judges, KPMG head of enterprise Chiu Wu Hong said BLPL is a "worthy winner ready to take on the future... It has a sound business plan that is outward-looking, utilising technology to boost its efficiency and cut costs".
The awards recognise 50 companies for demonstrating business strength in various ways.
Privately-owned firms based here were eligible for the awards, which are in their 22nd year and co-organised by KPMG and The Business Times.
Internet company Garena, reportedly South-east Asia's largest start-up valued at more than US$1 billion (S$1.41 billion), clinched second place while UEMS, which provides services to hospitals and government buildings, was third.
Number of companies that received the five-year award, which goes to firms that have been on the E50 list for five years.
With more Singapore companies seeking growth by expanding overseas, organisers also conferred an inaugural award recognising excellence in a firm's internationalisation strategy.
Linnhoff Technologies, a German manufacturer of asphalt mixing plants, scooped the prize at the ceremony held at the Resorts World Convention Centre.
Six firms - BLPL Singapore, Linnhoff Technologies, CAD-IT Consultants (Asia), Indoguna Singapore, Wiselink Technology and ITCAN - received the five-year award, which goes to those that have been on the E50 list for five years.
Mr Linus Goh, head of global commercial banking at OCBC, noted half of this year's winners have previously won other E50 awards.
"This demonstrates the resilience and agility of our local enterprises as they successfully navigate the challenges of a weakening global economy to future-proof their businesses."
Lee Xin En