Metro Manila (CNN Philippines, August 10) — Three companies from the Philippines made it to this year’s Best Under A Billion list of Forbes Asia, which tracks 200 publicly-listed firms across the region with sales under $1 billion.
Among the companies that landed on the list are Philippines’ COL Financial Group, Eagle Cement Corp., and Crown Asia Chemicals Corp.
COL Financial Group, the country’s leading online stock brokerage, was listed with sales amounting to $27 million, according to Forbes’ report.
Meanwhile, cement manufacturing firm Eagle Cement had the highest sales among the three, hitting $434 million.
Crown Asia Chemicals Corp., which is engaged in plastic compound and pipe production, was also included in the list with $35 million in sales.
“While healthcare and pharmaceutical-related companies were standouts last year, the post-pandemic return to daily life has benefitted apparel makers, mall operators, restaurants, consumer electronics, and entertainment companies, among others,” Forbes said.
It also noted that there were 75 returnees out of the 200 companies recognized this year.
“[This] reflect[ed] their resiliency in a fast-changing environment, such as Taiwan’s Aspeed, which has made Best Under A Billion for a notable nine consecutive years,” it said.
