YB Tuan Mohd Rafizi Ramli, the minister of economy and Datuk William Ng, the organizing chairman and national president of SAMENTA together with honorable VIPs officiating the Golden Bull Award night.
The services sector continues to lead growth among SMEs. At the recently held Golden Bull Award 2024, 65.3 percent of all the winners were from the services sector, including in retail and wholesale, professional and business services, IT and education. This is in-line with the 2023 MSME Performance Report issued by the Department of Statistics Malaysia, where the services sector led the growth among SMEs, with a 6.5 percent jump in sectoral GDP versus 5.0 percent growth for all SMEs.
The Golden Bull Award is organized by Business Media International in partnership with the Small and Medium Enterprises Association of Malaysia (SAMENTA), and has been held annually since 2002.
YB Tuan Mohd Rafizi Ramli giving his opening speech
Minister of economy, Rafizi Ramli presented the awards to the winners, which are made up of SMEs of various sizes and from every state across the country. In his officiating address, the minister emphasized the importance of SMEs to the country, and encouraged the SMEs to focus on internationalization and growth in productivity.
“This year’s Golden Bull Award has truly been a remarkable showcase of the strength and potential of our SMEs. The increased participation and high caliber of nominations reflect the unwavering entrepreneurial spirit and dedication to excellence among our business community. We are proud to celebrate the achievements of these outstanding businesses and look forward to their continued contribution to Malaysia’s economic success. Together, we are paving the way for a brighter and more prosperous future.” said organizing chairman Datuk William Ng.
YB Tuan Mohd Rafizi Ramli with Datuk William Ng, presenting the distinguished Bull Award
The Golden Bull Award is divided into three categories: Emerging SMEs, Outstanding SMEs, and the prestigious Super Golden Bull Award. These categories are designed to accommodate businesses based on their annual revenue, ensuring a fair and comprehensive assessment process tailored to recognize the achievements of SMEs at different stages of growth.
The Distinguished Bull Awards was added as a new category to recognize returning Golden Bull Award winners who have made considerable progress or grown their market presence since their previous triumph. 12 distinguished SMEs were recognized for their sustained growth and success.
Baker Tilly Malaysia served as the official auditor for the Golden Bull Award, ensuring transparency and integrity throughout the process. Meanwhile, CTOS Data Systems Sdn Bhd provided independent data as the official credit reporting agency.
For more information about the Golden Bull Award Malaysia 2024 and a complete list of winners, please visit https://goldenbullaward.asia/
