Wednesday, June 26

MED lauds the role, contribution of entrepreneurs in Malaysia’s economic growth


EOY 2018 Malaysia Top nominees pose for a photo at the EOY Malaysia Awards top nominees announcement ceremony.

KUALA LUMPUR: The Ministry of Entrepreneur Development (MED) lauded the role and contribution of entrepreneurs in in bridging markets and drawing economies closer to strengthen Malaysia’s position and competitiveness in the global marketplace.

“The economic prosperity that we enjoy today is a byproduct of the hard work, perseverance and dedication of our entrepreneurs. These are courageous men and women, committed to their cause, and dedicated to their dreams. They are those who dare to see an opportunity, when others see a problem,” said MED’s Minister Datuk Seri Mohd Redzuan in a press statement in conjunction with the announcement of EY’s Top Nominees for this year’s EY Entrepreneur Of The Year (EOY) Malaysia Awards.

The announcement was held via a cocktail ceremony and co-hosted with Credit Suisse AG.

“The MED applauds the role and contribution of our entrepreneurs in bridging markets and drawing economies closer. This will strengthen and secure Malaysia’s position and competitiveness in the global marketplace.

“MED certainly looks forward to working with EY in strengthening Malaysia’s entrepreneurial landscape and showcasing our finest accomplishments to the rest of the world,” Mohd Redzuan added.

Ernst & Young Advisory Services Sdn Bhd Malaysia managing partner Datuk Abdul Rauf Rashid commented: “As the oldest business award programme in Malaysia, the EY Entrepreneur Of The Year awards programme has been privileged with the opportunity to showcase many of Malaysia’s remarkable entrepreneurial journeys on a national and global platform over the last 17 years. It has been an immensely gratifying experience to seek, recognise and celebrate the vision, leadership, tenacity and accomplishments of the exceptional men and women, whose entrepreneurial ingenuity has transformed simple, unique ideas of today into extraordinary and successful businesses of tomorrow.”

Advisory Partner at Ernst & Young Advisory Services Sdn Bhd and Programme director of the EY Entrepreneur Of The Year Malaysia Awards Philip Rao, shared, “Since the inception of EOY in Malaysia in 2002, we have seen the programme grow in prestige, reputation and reach with strong, diverse nominations representing different generations, industries and sectors.

“This year is no different and we believe this is testament to the high standards of the award’s global criteria that we strive to adhere to. It was a tough task for the panel of judges to determine this year’s Top Nominees and looking at the results, we are convinced the celebration of their stories and persons is truly well-deserved.”

Credit Suisse’s CEO for Malaysia Stephen Hagger added, “We remain deeply committed to Malaysia given our belief in the long-term potential of the Malaysia economy and the business opportunities that it provides. Asia offers a dynamic environment for entrepreneurism and innovation, and as a result, we see a growing number of start-up businesses across all sectors. Consumers in the region are very willing to embrace new technology and innovation, which bodes well for entrepreneurs in Malaysia. As the Trusted Entrepreneurs’ Bank in Asia Pacific, we offer our clients solutions that combine the strength of our Wealth Management and Investment Banking expertise.”

The 15 Top Nominees in the Emerging, Technology, Woman and Master categories were determined by an independent panel of judges guided by a set of judging criteria that is consistently applied globally by the EOY programme.

Winners of the four category awards as well as the coveted EY Entrepreneur Of The Year 2018 Malaysia award will be announced and celebrated at a gala event in December 2018. The Malaysian EY Entrepreneur Of The Year 2018 will then join country award recipients from around the globe in Monte Carlo in June 2019 to compete for the EY World Entrepreneur Of The Year (WEOY) 2019 award.