SMALL and medium-sized enterprises (SMEs) have received another boost in the form of the Golden Bull awards initiated by Chinese daily Nanyang Siang Pau
The awards not only recognise their contributions to the nation's economy but will also provide them a chance to take part in SME 2003, the international trade fair for SMEs at the Putra World Trade Centre (PWTC) in Kuala Lumpur in June.
The Golden Bull is co-organised by Nanyang, the Asia Pacific Centre for SMEs and Nanyang.com. The main sponsor is Alliance Bank Bhd while co-sponsors are Osim (M) Sdn Bhd and Global Business Network Sdn Bhd.
Its auditors Ernst & Young will compile, submit and co-evaluate the nomination forms to an independent panel of industry representatives headed by the Associated Chinese Cham-ber of Commerce and Industry of Malaysia assistant secretary Datuk David Chua.
This is the first time that a media organisation is organising such an event and as the leading Chinese business daily in Malaysia, we feel that we have an obligation to contribute. This event can help upgrade the level of business practices in the SMEs as it can provide a benchmark of what makes a successful SME, Golden Bull organising chairman Lee Peck Hoo, who is the Nanyang chief executive officer, told StarBiz in Kuala Lumpur.
According to Lee, following the inaugural awards this year, the Golden Bull would be made an annual event as the roadshows to Malacca, Seremban, Ipoh, Penang, Kuala Lumpur, Kuantan, Muar, Batu Pahat, Klang, Miri and Kuching had received tremendous response.
Deputy organising chairman Michael Ho Chai Hok, who is also the deputy editor-in-chief of Nanyang, said the roadshows, supported by Alliance Bank, was designed to create awareness among the SMEs of the event.
The Golden Bull will have 100 winners who will receive a trophy, a certificate and the right to use the Golden Bull logo on their company collaterals. More importantly, they will be able to participate in the SME 2003 where they will be given exhibition space on a 1-for-1 basis through a special participation package and will receive publicity coverage from the Nanyangdaily and Nanyang Online.
SMEs which are Malaysian incorporated, not listed on any bourse,have an annual turnover of less than RM50mil, and have audited financial statements for the last three financial years, among other criteria, can submit completed nomination forms or do so online at Nanyang Online.
According to Alliance Bank senior general manager (commercial banking) Yap Khong, the bank has distributed about 1,000 nomination forms to all its 79 branches throughout the country.
As a bank with over 40 years of association with the SMEs and family-owned businesses, and thus have a strong SME base, we see this event as one that is meaningful, especially when the government recognises the SMEs as an engine of growth and is willing to help them in growing their businesses, Yap said.
The Golden Bull, launched by Deputy Finance Minister Datuk Chan Kong Choy on April 6, will accept nominations, with relevant supporting documents, until May 15. The winners will be announced on May 23 while the award presentation will be held on June 11, the day before SME 2003 begins.