WEF Global Growth Companies: Manila Water among 20 cited

MANILA, Philippines – They are “trailblazers, shapers and innovators committed to improving the state of their region and the world.”

Ayala-led Manila Water Company Inc. and 19 companies in East Asia were recognized by the World Economic Forum (WEF) for their high growth and huge contribution to the region.

Dubbed as “Global Growth Companies (GGCs),” the 20 “represent a broad cross section of industrial sectors, but share in common a track record in exceeding industry standards in revenue growth, promotion of innovative business practices and demonstration of leadership in corporate citizenship,” according to WEF.

The other GGCs are:

• Acleda Bank Plc. (Cambodia)
• WanaArtha Life (Indonesia)
• LINE Corporation (Japan)
• Kakaku.com (Japan)
• Hearts United Group Co. Ltd. (Japan)
• Cross Company Inc. (Japan)
• Tokushinkai Group (Japan)
• Ferrotec Corporation (Japan)
• Myan Shwe Pyi Tractors Ltd. (Myanmar)
• Capital Diamond Star Group (Myanmar)
• Manila Water Company Inc. (Philippines)
• Banyan Tree Holdings Ltd. (Singapore)
• ILJIN Group (South Korea)
• Fila Inc. (South Korea)
• Humax Electronics Co. Ltd. (South Korea)
• AA Corporation (Vietnam)
• The Gioi Di Dong (Vietnam)
• VNG Corporation (Vietnam)
• Thien Minh Group (Vietnam)
• Minh Phu Seafood Corp. (Vietnam)

“The World Economic Forum is proud to recognize these 20 champions that are at the forefront of driving responsible economic growth, job creation and entrepreneurism in East Asia. We look forward to the active and dynamic role they will play at our meeting in Manila, working with the region’s leaders to foster inclusive, sustainable growth in the region,” said David Aikman, Managing Director and Head of New Champions at the WEF.

The list of newly selected GGCs can be downloaded here.

Together with the Social Entrepreneurs, Technology Pioneers, Young Global Leaders, Global Shapers and Young Scientists, the GGCs make up the New Champions, a larger World Economic Forum community of pioneers, disruptors and innovators. Nomination as a GGC provides companies with an opportunity to join the larger GGC community of over 360 companies worldwide. These companies contribute to the WEF’s meetings, projects and knowledge products, which in turn support them on their path to achieving responsible and sustainable growth.

The Philippines is hosting for the first time the WEF on East Asia, with the theme “Leveraging Growth for Equitable Progress.” The forum will be held from May 21 to 23 at the Makati Shangri-La Hotel. – Rappler.com

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