Press releases

Announcing the winners of Malaysia’s Best Managed Companies 2023

KUALA LUMPUR, 13 July 2023 – Deloitte Malaysia is delighted to announce the 2023 Malaysia Best Managed Companies today. The awards program, in its third edition this year, recognises 10 exceptional private businesses in Malaysia for their organisational success and contributions to their industry and the economy.

To achieve this Best Managed Companies title, businesses undergo a rigorous assessment led by a panel of independent and multi-disciplinary judges. Applicants are evaluated based on four core pillars, namely strategy, capabilities and innovation, culture and commitment, as well as governance and financials.

This year, the prestigious award in Malaysia welcomes two new winners who have successfully qualified as a Best Managed company for the first time, along with eight companies who have qualified to maintain their Best Managed status year-on-year.

Malaysia Best Managed Companies 2023 Winners
Company Industry Sector
 Won 3 consecutive years
BIG Pharmacy Healthcare Sdn Bhd Healthcare
Mamee-Double Decker (M) Sdn Bhd
Food & Beverage Manufacturing
Sunway Group
Real Estate, Education, Retail, Healthcare, Hospitality
 Won 2 consecutive years
Golden Fresh Sdn Bhd
Food & Beverage Manufacturing
Kuala Lumpur Kepong Berhad
Plantation, Manufacturing, Property
LBS Bina Group Berhad
Property Development & Investment Holdings
Vitrox Corporation Berhad
Industrial Products & Technology
Yinson Holdings Berhad
 First-time winners
Mah Sing Group Berhad
Property Development, Plastic & Healthcare Manufacturing
QL Resources Berhad
Agribusiness, Food Manufacturing, Retail


“I’m amazed at how our Best Managed Companies continuously raise the bar. Their win is a testament to their forward-looking vision and unwavering commitment to delivering exceptional value to their talent and clients,” said Chee Pei Pei, Deloitte Private Leader, Malaysia.

“We are proud of the top private businesses that qualify and requalify for our Best Managed Companies award this year. From enhancing their sustainability practices to driving employee engagement and maintaining a strong balance sheet, these Best Managed Companies distinguish themselves by having an innovative vision and offering the best-in-class products and services to their customers,” said Michael Tsia, Southeast Asia Best Managed Companies Leader.

These 10 Malaysian winners join a global network of Best Managed Companies comprising more than 1,300 organisations from 45 countries across the Americas, Europe, and Asia Pacific. They have also been invited to join the annual Southeast Asia Best Managed Companies Regional Symposium and Gala Dinner 2023 in Bangkok, Thailand on 3 August 2023, for a night of celebration, networking, and marketplace recognition.

An independent panel of judges comprising of business representatives reviewed applications and selected this year’s winners. This year’s judges are YAM Tunku Ali Redhauddin ibni Tuanku Muhriz, Chairman of Taliworks; Datuk Syed Mohamed Syed Ibrahim, President and Chief Executive of Johor Corporation; Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia; Datuk Yvonne Chia, Chairman of Standard Chartered Bank Malaysia; and Datin Seri Sunita Rajakumar, Chairperson of Climate Governance Malaysia.

Best Managed Companies is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes.

Press contact:

Samantha Yong
Tel: +603 7624 3502

Teo Li Anne
Tel: + 603 7610 8954

Best Managed Companies Winners’ Quotes


BIG Pharmacy Healthcare Sdn Bhd (2021 & 2022 winner)

Lee Meng Chuan, Founder and Chief Executive Officer of BIG Pharmacy Healthcare Sdn Bhd

Once again, BIG Pharmacy has been named Best Managed Companies for 2023! This is our third consecutive year! As BIG Pharmacy grows BIGGER, I would like to express my greatest gratitude to the entire BIG family who has given their dedication and support to the company, making us who we are today! Together, let’s Be In Goodhealth!


Mamee-Double Decker (M) Sdn Bhd (2021 & 2022 winner)

Pierre Pang Hee Ta, Group Chief Executive Officer of Mamee-Double Decker (M) Sdn Bhd

Thank you! A hat-trick win as Malaysia Best Managed Company fills us with pride and gratitude. This achievement inspires us to reach greater heights in the future. It motivates us to keep pushing boundaries, innovate, and maintain our position as a leading snacking company. Monstars, thank you, not just for making this happen, but also for making the journey such a positive and rewarding experience. This win is dedicated to ALL MONSTARS, past and present. Those that have tirelessly inched Mamee forward to where we are today.


Sunway Berhad (2021 & 2022 winner)

Evan Cheah, Group CEO, Digital and Strategic Investments of Sunway Group

We are humbled by this recognition for the third consecutive year. This award attests to the innovation, commitment, and dedication of our 16,000-strong staff across 50 locations worldwide that continue to propel the Sunway brand to be among the best in the ASEAN region. In the lead up to our 50th anniversary in 2024, Sunway will be guided by our core values of Integrity, Humility and Excellence as we pursue our transformation agenda for the next 50 years.


Golden Fresh Sdn Bhd (2022 winner)

Saw Hai Earn, Chief Executive Officer of Golden Fresh Sdn Bhd

In an industry faced with a sea of challenges, this mark of recognition can only be achieved with the right hands on deck, I have no doubt we will continue to make waves. Here’s to shellebrating another year of being Malaysia’s Best Managed Company!


Kuala Lumpur Kepong Berhad (2022 winner)

Lee Jia Zhang, Chief Operating Officer of Kuala Lumpur Kepong Berhad

We are honoured to receive this recognition for the second time running, which is a true testament to KLK's solid foundation laid by my late grandfather Tan Sri Lee Loy Seng, as well as the leadership of CEO Tan Sri Lee Oi Hian and Dato' Lee Hau Hian. KLK's journey may have started over a hundred years ago, and while the road ahead may be long and challenging, it also offers exciting prospects of continued growth and transformation. This is only made possible with the Group’s commitment to excellence and pursuit of innovation. With this award, we will strive to do better and be better, further solidifying our promise to always give back and be a responsible global corporate citizen.


LBS Bina Group Berhad (2022 winner)

Datuk Wira Joey Lim Hock Guan, Group Managing Director/Chief Executive Officer of LBS Bina Group Berhad

We are deeply grateful for the esteemed award from Deloitte. At LBS, our core principle as the People's Developer is to prioritise people. Our mission is to provide homes for Malaysians and foster community values. Our achievements are thanks to the exceptional individuals within the LBS family who drive our success. This recognition inspires us to pursue excellence and remain as industry leaders. LBS is dedicated to empowering individuals and enhancing communities.


Vitrox Corporation Berhad (2022 winner)

Chu Jenn Weng, Managing Director/ President/ Chief Executive Officer of ViTrox Corporation Berhad

I'm truly honoured to receive this award on behalf of all ViTroxians. This award affirms our conviction to do the right thing by embracing compassionate innovation as we build the world's most trusted technology company with integrity, accountability, courage, trust & respect, and gratitude & care. With the spirit of One Vision, One Voice, One Team, we will continue to work tirelessly towards our goal of making a net-positive impact on the world.


Yinson Holdings Berhad (2022 winner)

Mr Chai Jia Jun, Group Chief Strategy Officer, Yinson Holdings Berhad

We are delighted to win the Malaysia Best Managed Companies 2023 award. This award validates Yinson’s strategic approach in the integration of ESG principles across our businesses, the empowerment of our people in the decision-making process, and our innovative digitalisation journey to enhance our operations. Yinson remains committed to an agile, forward-thinking approach that generates sustainable value and embraces an inclusive energy transition.


Mah Sing Group Berhad

Tan Sri Dato’ Sri Leong Hoy Kum, Founder and Group Managing Director, Mah Sing Group Berhad

Being recognised as Malaysia’s Best Managed Companies 2023 is an incredible honour and a testament to our unwavering dedication to excellence and innovation. It reflects our relentless pursuit of best practices, strong governance, and sustainable growth. This recognition inspires us to continue pushing boundaries, delivering exceptional value to our stakeholders, and setting new benchmarks in the industry. We are proud of this achievement, and it inspires us to reach for even greater heights in the future.


QL Resources Berhad

Dr Chia Song Kun, Executive Chairman, QL Resources Berhad

Value for all is our driving business purpose. Being a food producer means we have a duty to play in supporting national food security. We execute on our strategy through close teamwork to innovate win-win solutions and conduct ourselves with integrity to drive sustainable value creation for stakeholders. This prestigious recognition reaffirms that we are on the right path to push on and continue creating value.


Note to Editors: Some of the winners are listed companies. The term “private enterprise” is used because the majority of the company’s shares are still privately owned either directly or indirectly, which is a requisite for a company’s eligibility for the Best Managed Companies program.

About Best Managed Companies program

Best Managed Companies is a global awards program that recognises organisational excellence, success, and entrepreneurial spirit in privately held companies. This program provides a distinct framework for management teams to challenge themselves and benchmark against some of the best private companies in the world.

In its 30th year, the Best Managed Companies program has expanded to 45 countries across the Americas, Europe and Asia Pacific, with a global network of over 1,300 outstanding companies, and these companies come together as a community to build alliances and share insights.

For more information on the Best Managed Companies program, click here.

Deloitte Malaysia

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see to learn more.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which is a separate and independent legal entity, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Bengaluru, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Mumbai, New Delhi, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.

About Deloitte Malaysia

In Malaysia, services are provided by Deloitte PLT (LLP0010145-LCA) (AF0080), a limited liability partnership established under Malaysian law, and its affiliates.

This communication contains general information only, and none of DTTL, its global network of member firms or their related entities is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication.

© 2023 Deloitte PLT

Did you find this useful?