SINGAPORE: Eighteen local entrepreneurs were awarded The Entrepreneur of the Year Award (EYA) 2018 on Wednesday (Oct 10).
Out of the winners, 11 individuals bagged awards under the Established Entrepreneur category, while another seven won under the New Entrepreneur category.
One Established Entrepreneur winner was Mr Derrick Yap, CEO of PBA International.
Mr Yap joined his father’s bearings distribution firm in 2002, ultimately turning it into one of Southeast Asia’s largest robotics and automation companies.
“The biggest challenge was the transition. We went from a low-risk business with a simple business model and short-term view, to a higher-risk