The Golden Bull Awards serves as a platform to benchmark successful businesses for both SMEs and corporates, to strive for greater excellence. The nomination process selects the best by placing emphasis on elimination by process.
Understanding the pandemic issue all around the world, Malaysia’s GDP contracted by 5.6 percent in 2020 and it affected many SME businesses. To be chosen as the winners of The Golden Bull Award 2021, it is required to prove that strength, agility, and decisive action are factors in overcoming the pandemic with minimal assistance from the government.
Datuk William Ng, organizing chairman of the Golden Bull Award, said, “the common traits of these successful SMEs, who thrived despite the pandemic, are that they have a strong business foundation and were quick to adapt to the adverse situation”.
The first Golden Bull Award for SMEs in Malaysia dated back to 2003. As the Award, organized by Business Media International, has since expanded into China, Taiwan and Singapore. Currently there are three different categories that were open for competition, including Emerging SMEs, Outstanding SMEs, and the coveted Super Golden Bull Award, categorized respectively according to annual turnover. A total of 818 companies were nominated, and 148 companies across all three categories claiming the Award.
Dignitaries at the award presentation included Senator Datuk Lim Ban Hong, Deputy Minister of Ministry of International Trade and Industry, Rizal Nainy, CEO of SME Corporation Malaysia, Ahmad Khairuddin Abdul Rahim, deputy CEO of MIDA, Datuk Alexandra Chin JP, director of Audience Analytics Limited, Dato’ Lock Peng Kuan, managing partner of Baker Tilly Malaysia, Dato’ Koay Chiew Guan, immediate past president of the Small and Medium Enterprises Association of Malaysia (SAMENTA), and Datin Zainon Bakar, Deputy Director General of Malaysia Productivity Corporation (MPC).