Philippine-based International Container Terminal Services, Inc. (ICTSI) was named by international financial publication Euromoney as one of Asia’s best managed companies for 2011.
The terminal operator was also ranked second in the most convincing and coherent strategy in the Philippines category.
Out of the local 16 companies nominated, four companies made it to the list.
According to Euromoney, companies who made it to the list had “strong liquidity positions, which allowed them to focus on growth and long-term strategy rather than crisis management, taking advantage of strong domestic growth to integrate and expand.”
A total of 27 companies from China, Singapore, Taiwan, Malaysia, Hong Kong, Korea, India and Japan made it to the annual register. Companies mostly in the telecommunications sector, made up majority of the list.
The annual Asian companies ranking is based on a market survey by leading banks and research institutes in Asia based on market strength, profitability, growth potential and quality of management and earnings. Points are awarded on the scale of 4:3:2 for nominations for first, second and third, respectively.
ICTSI is a leading port management company involved in the operations and development of 21 marine terminals and port projects in 15 countries worldwide.
Euromoney, a monthly magazine, focuses on capital markets, investment, foreign exchange and treasury, and regional markets, including Asia, Latin America, Europe, the Middle East and Africa.