While fintech, e-commerce and IT firms continued to be among the fastest growing in Singapore, several companies in the energy and utilities sector have topped the charts in terms of growth, according to a list of the 100 fastest growing firms here.
Released on Tuesday, the 2023 ranking, which was compiled by The Straits Times and global research firm Statista, also showed that more firms in logistics and transportation as well as manufacturing registered high growth.
The Singapore's Fastest Growing Companies list includes 100 local businesses that achieved markedly high revenue growth between 2018 and 2021. The firms must be independent companies headquartered in Singapore with at least $150,000 of revenue generated in 2018 and $1.5 million in 2021.
The 2023 ranking included seven energy and utilities companies. In comparison, there were just three such firms on the previous list, which had 75 companies.
This story is from the January 17, 2023 edition of The Straits Times.
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This story is from the January 17, 2023 edition of The Straits Times.
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