The Singapore Business Awards are jointly organised by The Business Times, a business daily published by Singapore Press Holdings, and DHL Worldwide Express, a leading international air express company.

The awards were launched in 1985, starting with the Businessman of the Year Award. The following year, the Enterprise Award was introduced to give recognition to small and medium-sized companies. These awards have since grown in stature to become the nation’s most prestigious business accolades.

In 1990, the sponsors decided to further expand the Awards scheme to include a new category "Outstanding Manager Award" to give recognition to young entrepreneurs or professionals below the age of 45. This award was renamed Outstanding Chief Executive in 1995.

The three awards, now known collectively as the Singapore Business Awards, are decided on by a panel of distinguished judges drawn from the political, business and academic fields.

 

Objectives of the Singapore Business Awards

The Singapore Business Awards comprise:

• Businessman of the Year Award
• Enterprise Award
• Outstanding Chief Executive Award

The objectives of the Singapore Business Awards are:
• To acknowledge publicly the vital contributions made by companies and individuals to Singapore business
• To create an environment which will encourage and sustain the entrepreneurial spirit and enhance standards of corporate management in Singapore
• To illustrate the depth of talent that exists here by high-lighting nominees’ success stories
• To enable the organisers, The Business Times and DHL, to fulfil their responsibilities as good corporate citizens.