26 Jun '11, 9pm

Top emerging enterprise award goes to ...: The award is jointly organised by OCBC Bank and supported by SPRING S...

SINGAPORE - A modern-day rag-and-bone firm, World Metal Recovery, has clinched one of the top three prizes at the Emerging Enterprise Awards 2011 last Friday. Its owner, Mr Darius Loke, 27, walked away with S$390,000 worth of interest-free loans and packages at the annual award ceremony that recognises promising small enterprises that generate less than S$10 million worth of sales turnover per annum. The other two winners were Heat Exchangers Specialist and MDS Retail. The award is jointly organised by OCBC Bank and supported by SPRING Singapore, NUS Extension and Acorn Marketing and Research. Beyond the usual difficulties of starting up a business at a young age, Mr Loke told MediaCorp that part of the reason behind his foray in this business stems from the reluctance of younger people to inherit their families' metal recycling business, which he saw as an opportunity for...

Full article: http://www.todayonline.com/Business/EDC110627-0000124/Top...

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