MANILA, Philippines – Three Philippine companies are listed under Forbes Asia’s Best Under a Billion this year, which recognizes the top 200 companies in the Asia-Pacific region with sales over $10 million but not beyond $1 billion. Forbes Asia viewed over 20,000 listed companies and made the final selection based on their sales, debt, and earnings-per-share growth based on their recent earnings reports. The Far Eastern University (FEU), Philippine Bank of Communications (PBCOM), and SSI Group made it to the list.
Only SSI – which has the exclusive franchise in the country for luxury brands such as Saint Laurent, Charriol, amd Loewe – made a repeat appearance based on the four Philippine firms that were on last year’s list and is also one of this year’s 54 “returnees.” THREE PHILIPPINE COMPANIES. Far Eastern University, Philippine Bank of Communications, and SSI Group made the cut after Forbes Asia surveyed over 20,000 companies in the Asia Pacific region for “some of Asia’s best success stories.
” The SSI Group posted an “all-time high” net income worth P2.5 billion in 2023 and pointed to their “unique brand portfolio” to account for the growth. Forbes Asia puts the company’s market value at $192 million.
“Our record full-year 2023 results reflect the Group’s ability to capture increasing discretionary spending through our emphasis on delivering world-class customer experiences. The Group also continues to benefit from a resilient customer .