MANILA, Philippines – Three local business groups made it to Forbes’s 2013 elite list of 50 “Fabulous” publicly traded companies in Asia-Pacific.
Conglomerates Alliance Global, Ayala Corp and food giant Jollibee Foods Corp. are now part of Forbes’ Fab 50, which included firms “not only surviving but also shining” as challenges linger in the region.
Only listed firms with at least $3 billion in annual revenue or market capitalization were considered. Forbes said it looked at 1,220 companies
Below are Forbes’ estimates of the companies performance as of August 2013:
|COMPANY||MARKET VALUE (in billion USD)||SALES
(in billion USD)
|Alliance Global Group||$6.5||$2.3|
All 3 local companies are among the 18 newcomers in this list, which is Forbes’ 9th. The families behind these three companies are among the richest Filipinos, according to Forbes rich list released in August 1.
Gokongwei-led JG Summit, which was the only Philippine firm in the 2012 and 2011 lists, was not included this time.
“Businesses are being tested throughout the region. Three years of slowing growth, gyrating currencies and stock prices, and stagnation in the export markets of the U.S. and Europe all present challenges,” Forbes wrote.
China dominated the list again.
|COUNTRY||NO. OF COMPANIES IN FAB 50 2013|
Forbes said technology companies once again dominated with 9 representatives, down from 11 in 2012. Consumer durables had 7, real estate 5, and oil one. – Rappler.com