Being savvy and meeting consumer demands through innovation and technology have propelled some companies in Singapore to the top, according to a list of the fastest growing firms here released today.
The ranking, which was compiled by The Straits Times and global research firm Statista, showed that the top 10 firms came from a variety of sectors, including support services, precious metals recycling and retail.Many of the firms harnessed innovative technologies and solutions to meet consumers’ changing needs, especially during the Covid-19 pandemic.
The companies were ranked by their compound annual growth rate. They had to meet certain criteria for potential inclusion in the list, such as having generated revenue of at least $150,000 in 2017 and at least $1.5 million in 2020.
The study conducted last year – the fourth since the first iteration of the list in 2018 – compiled a league table of 75 local companies that achieved high revenue growth between 2017 and 2020.
Human resources platform provider Workmate topped the ranking this year, with a compound annual growth rate of 345.6 per cent.
Continue reading your story on the app
Continue reading your story in the newspaper
KOK'S SMALL TEAM YIELD JUICY DOUBLE
Leggenda and Win Win help make it a sweet Saturday, paying $43 and $57 respectively
Cruz becomes third trainer with 1,400 HK wins
Etching his name deeper into local racing lore, Tony Cruz has become only the third trainer to saddle 1,400 winners or more in the former British colony.
Huang Jinglun gets burnt investing in stocks during pandemic
When the Covid-19 pandemic made international travel difficult, Singaporean singer and actor Huang Jinglun (left) decided to channel his travel funds into buying stocks. However, the investment went awry.
Downton Abbey 2 starts strong in North America with $22m in takings
Downton Abbey: A New Era, a sequel to the big-screen continuation of the beloved British television show, raked in US$16 million (S$22 million) from 3,815 North American theatres over the weekend.
Jail, caning, fine for man who robbed Jurong moneylender with 2 others
When his accomplices were hesitant about going through with a robbery, the 23-year-old cajoled them into it.
Firefly to resume flights to Subang at Seletar Airport
Malaysian low-cost carrier Firefly will resume flights between Singapore and Malaysia from Seletar Airport from June 13, after two years of Covid-19 pandemic-induced suspension.
New Aussie PM won't be taking softer stance on China
Albanese says it is Beijing that has changed as he flies off to Tokyo to meet fellow Quad leaders
At least seven dead after blaze on Philippine passenger ferry
Seven people died after a high-speed Philippine ferry carrying 134 people caught fire yesterday, with seven passengers still missing, the coast guard said.
Sri Lankan drug shortage a death sentence for some, docs say
COLOMBO A medicine shortage caused by an economic crisis in Sri Lanka could soon cause deaths, doctors said, as hospitals are forced to postpone life-saving procedures for their patients because they lack the necessary drugs.
Kyiv court jails Russian soldier for life over war crime
21-year-old pleaded guilty in first war crimes trial arising from Russia's invasion of Ukraine
THE ENVY OF SINGAPORE
INVESTORS POURED A BILLION DOLLARS INTO NG YU ZHI’S NICKEL-TRADING COMPANY. HE’S NOW ACCUSED OF TAKING THE MONEY AND SKIPPING THE NICKEL
Are Boeing and Airbus Flying Into a Bubble?
They’re launching freighters just as competition from retrofitted jets and cargo space on passenger planes is heating up
Mayling Ng
Exceptionally Talented Martial Arts Expert and Actress "Hong Kong to Hollywood Story"
Bangkok to Bali and Beyond
Sail to the cultural wonders of Southeast Asia.
UNITY IN A WORLD OF DIVERSITY
BRIAN JONES explores unity in a world full of challenges and diversity. Through different analogies and his own personal experience with meditation, he finds effective ways to achieve unity through the silence of the heart.
Keep Singapore's Books Clean
The city-state wants to prove it’s safe not just for wealthy tycoons but for investors, too
José Jeuland 2020 BIG SURPRISES
It was the end of 2019, welcoming the year 2020 when I told myself that it would be a great year
A BEGINNER'S GUIDE TO GLUTEN-FREE FLOUR
When the gluten-free movement moved in on us like a hurricane many billed it as a fad diet or health trend-of-the-moment. A decade (and change) later, it’s clear that’s not the case. Gluten-free sections on menus and aisles in grocery stores are proof. Statista predicts the gluten-free category will command nearly $8 billion by 2020, and that’s no small potatoes (which happen to be gluten-free).
Keeping Up With the Lees
SINGAPORE IS NOT A MODEL FOR AMERICA.
On the Rise
Premium economy soars in popularity and profitability for airlines.