Honouring the best businesses

10th edition: (From left) Wang, Ng, Khairan, Mohd Zamree, Vogiatzakis, Abdul Majid, Fu, Wan Latiff, Wong and Tio at the SOBA 2019 Gala Night in Kuala Lumpur.

KUALA LUMPUR: Secret Recipe Holdings Sdn Bhd and Maxvue Vision Sdn Bhd are the winners of The Star Outstanding Business Awards (SOBA) 2019’s most coveted award – the Malaysian Business of the Year.

Secret Recipe clinched the award in the above RM25mil turnover tier while Maxvue won for the up to RM25mil turnover tier.

The SOBA 2019 awards were presented in a glittering ceremony at its Gala Night event at The Majestic Hotel here yesterday.

All categories except for the Malaysian Business of the Year were open to nominations, as this category recognises the company that did best overall in all areas.

The 10th edition of SOBA continued to recognise the important contribution of local businesses towards the national economy and in nation-building by honouring the country’s top non-public listed companies across various sectors and categories.

Star Media Group Bhd (SMG) group chief executive officer Andreas Vogiatzakis said a decade on, SOBA’s reputation built on trust, credibility and objectivity made it one of the most coveted business awards in Malaysia.

“It is indeed an achievement to be proud of, fulfilling SOBA’s mission – to reward Malaysian companies that have proven their worth, created an impact and made a difference in people’s lives.

“We hope that SOBA will continue to provide an impetus for the nation’s economic growth through the growth of its SME sector, ” he said in his speech.

More than 950 guests from various companies and organisations gathered to witness the recognition of the country’s best local companies.

Malaysian Investment Development Authority (Mida) chairman Datuk Abdul Majid Ahmad Khan, who was the special guest, congratulated SMG and SOBA for their roles in supporting SME growth.

“I would like to congratulate SMG and the SOBA committee for being at the forefront in championing the growth and development of our country’s businesses and honouring local non-public listed organisations for the last 10 years, ” he said.

He said the government had made consistent efforts to promote and facilitate local companies, particularly SMEs, to accelerate their adoption of smart manufacturing and Industry 4.0 technology through various incentives and facilities.

Acknowledging the role of SMEs as the backbone of the country’s economy, Abdul Majid urged the sector to adopt new technologies to increase efficiency and productivity.

“The future is not just shaped by the flow of goods and money, but also the flow of trends and ideas.

“Being open to new technologies and practices is a critical competitive differentiator in efforts to overcome the many challenges faced by today’s businesses.

“I would like to urge more SMEs to future-proof their businesses through effective digitalisation and automation, ” he added.

Also present at the awards were SMG chairman Datuk Fu Ah Kiow, group adviser Datuk Seri Wong Chun Wai, chief business officer Lydia Wang, chief content officer Esther Ng, Digi channel development and new business head Khairan Nasir, PKT Logistics Group Sdn Bhd group chief executive and managing director Datuk Michael Tio, RHB Bank Bhd group business and transaction banking head Jeffrey Ng, Credit Guarantee Corp Malaysia Bhd president/CEO Datuk Mohd Zamree Mohd Ishak and Malaysia External Trade Development Corp (Matrade) CEO Datuk Wan Latiff Wan Musa.

SOBA 2019 is organised by SMG with Digi, PKT Logistics and RHB Banking Group as main sponsors, CGC as co-sponsor and Matrade as official trade promotion partner.

It is endorsed by the International Trade and Industry Ministry, supported by Bursa Malaysia and audited by BDO, with dimsum as official media partner.

For enquiries on SOBA 2019, call The Star Events Business Unit at 03-7967 1388 ext 1857 (Pei Wen) or visit www.soba.com.my.

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