Productivity gains, value creation winners at E50 Awards

[SINGAPORE] The proverbial phrase that cream rises to the top is well known, but what is implicit in that saying is that cream is a product of immense heat and pressure.

Similarly, the winners of the annual Enterprise 50 (E50) Awards, announced yesterday, stood out from the competition by displaying that they managed to perform remarkably well despite undergoing a tougher business environment than before.

By leveraging on productivity gains and incorporating value creation in their business models, these top 50 companies maintained a competitive advantage in a tough labour market while grappling with spiralling business costs.

Excavation specialist Soon Li Heng Civil Engineering topped t…