Fastest Growing 50 list features 22 young firms

Singapore

YOUNG companies are making their presence felt on the Fastest Growing 50 (FG50) list, with 22 of the businesses having a lifespan of less than 10 years, including seven in the top 10.

Of the 22, six have revenues in excess of a billion dollars. Only three are small and medium-sized enterprises (SMEs) with a turnover of less than S$100 million.

Notably, a lot of these companies are part of large multinational firms that have chosen Singapore as a base for their regional operation…