MANILA, Philippines - Manila Water Company was the only Philippine company included in the World Economic Forum's (WEF) selection of 20 "global growth companies" in East Asia.
The Global Growth Companies (GGCs) in East Asia comprise 20 of the region's most dynamic and high-growth companies.
The Ayala-led Manila Water was the only company from the Philippines that was named a GGC. GGCs are described as "fast-growing companies with the clear potential to become global economic leaders."
Aside from Manila Water, the other East Asian companies named as GGCs are:
Acleda Bank Plc. (Cambodia);
WanaArtha Life (Indonesia);
LINE Corporation (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);
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); and
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 World Economic Forum.
The Philippines is hosting the 23rd World Economic Forum on East Asia, which is being held on May 21 to 23.