Me & My Money

His passion, prudence keep yacht charter firm buoyant

Learning from past failures, Ng Kah Meng cuts risks by being careful when making decisions

Mr Ng Kah Meng with his yachts at One Degree 15 Marina Club in Sentosa Cove. He is a firm believer in teamwork, “as no one can do everything or consider all angles by himself”. That is why his yacht charter firm is called BOB Marine, with BOB standing for
Mr Ng Kah Meng with his yachts at One Degree 15 Marina Club in Sentosa Cove. He is a firm believer in teamwork, “as no one can do everything or consider all angles by himself”. That is why his yacht charter firm is called BOB Marine, with BOB standing for “Band of Brothers”, reflecting his desire to create a team of brothers and sisters who can grow together.ST PHOTO: ARIFFIN JAMAR

Keen yachtsman Ng Kah Meng had always liked messing about with boats, so it was hardly surprising that he turned his passion into a business.

The spur, however, came from the pressing need to deal with a costly problem that landed on his plate suddenly in 2014.

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A version of this article appeared in the print edition of The Sunday Times on March 11, 2018, with the headline 'His passion, prudence keep yacht charter firm buoyant'. Subscribe