The Singapore Manufacturing Federation (SMF)’s Youth Network, affectionately known as SMFy, organised its first TGIF@SMF with RHB on 27 September 2019 to bring like-minded business owners and young business leaders together for a fruitful TGIF networking session.
Titled “Nurturing Future Champions in Manufacturing”, which is also SMFy’s mission, this session discussed strategies for next-generation business growth and expansion and also to prepare and nurture the next generation of business owners.
SMFy's Chairperson, Ms May Ng, delivered the welcome address during TGIF@SMF with RHB.
SMFy's Deputy Chairman, Mr Eugene Tan introduced SMFy and its purpose to the audience.
During the session, next-generation business owner, Ms Yap Chauwei of GAO Capital, shared her experience and challenges when she took over the family business. Professor Annie Koh, who is the Academic Director of the Singapore Management University’s Business Families Institute, shared her insights on “Innovation in Singapore-based Family-Owned Enterprises”. RHB Singapore’s Head of Wealth Management in Retail Banking, Mr Clement Tee shared “Holistic Approaches to Legacy Planning”.
Ms Yap Chauwei from GAO Capital shared her experience and challenges when she took over the family business.
Academic Director of the Singapore Management University’s Business Families Institute, Professor Annie Koh shared her insights on “Innovation in Singapore-based Family-Owned Enterprises”
RHB Singapore’s Head of Wealth Management in Retail Banking, Mr Clement Tee shared “Holistic Approaches to Legacy Planning”.
Subsequently, Singapore’s family business owners Ms Yap Chauwei, Mr James Wong and Mr Bryan Sio formed a panel to discuss their perspectives as a 2.5 gen, 1st gen and 2nd gen respectively. Moderated by Ms Annie Koh, members gained a deeper understanding from these real-life experiences and how they may educate and develop the next generation of business owners. Towards the end of the event, SMFy introduced “team building activities” and members networked over food and drinks.
A panel discussion moderated by Professor Annie Koh (extreme left), was held to hear different perspectives from different generations business owners. (from left): 1st Gen business owner Mr James Wong (O.E. Manufacturing Pte Ltd), 2.5 Gen business owner Ms Yap Chauwei (GAO Capital) and 2nd Gen business owner Mr Bryan Sio (Concord Associates Pte Ltd).
Members networked over food and drinks at the end of the event.
SMFy is a community of young and vibrant business owners - from entrepreneurs to next-generation business owners to young leaders in an SME or MNC. The community’s main aim is to nurture potential young manufacturing champions to contribute toward building our home, Singapore. SMFy’s passionate Committee members are led by Chairperson Ms May Ng (ARQon Pte Ltd), Deputy Chairman Mr Eugene Tan (Wanin Industries Pte Ltd), Entrepreneurship Subcommittee Chairman Mr John Cheng (Cheng Yew Heng Candy Factory Pte Ltd), Mentorship Subcommittee Chairman Mr Bryan Sio (Concord Associates), Partnership Subcommittee Chairman Mr Theodore Khng (Theo10 Pte Ltd), Program Subcommittee Chairman Mr Richard Ng (Transicom Engineering Pte Ltd). SMFy welcomes all young business leaders and those who enjoy youth activities. Join SMFy now!