Kurt Wee named new president of ASME

Mr Kurt Wee (above), who has been the vice-president of the Association of Small and Medium Enterprises (ASME) since 2004, was voted into the top role on Tuesday, Nov 26, 2013, after incumbent chief Chan Chong Beng stepped down to focus on his b
Mr Kurt Wee (above), who has been the vice-president of the Association of Small and Medium Enterprises (ASME) since 2004, was voted into the top role on Tuesday, Nov 26, 2013, after incumbent chief Chan Chong Beng stepped down to focus on his business. -- PHOTO: COURTESY OF KURT WEE

The Association of Small and Medium Enterprises (ASME) has a new president.

Mr Kurt Wee, who has been its vice-president since 2004, was voted into the top role on Tuesday after incumbent chief Chan Chong Beng stepped down to focus on his business.

Mr Wee is a 39-year-old private equity investment manager who has been involved with ASME for 11 years.

He is taking over the reins at a crucial period for ASME and the local business community, which is grappling with an ever-toughening business environment marked by rising costs and a tight labour market.

"There's an urgent need for SMEs to make a knowledge, process or technology leap in their businesses and we hope to encourage SMEs to embark on research and development and training," he said.