Finance Secretary Purisima gestures during a news conference on the forthcoming World Economic Forum in East Asia on Thursday, May 15, 2014, at the financial district of Makati. To his left is Sushant Palakurthi Rao, senior director-head of the Asia WEF, and to his right is Tourism Secretary Ramon Jimenez Jr. AP PHOTO/BULLIT MARQUEZ
MANILA, Philippines—The World Economic Forum on Wednesday announced its selection of Global Growth Companies (GGCs) in East Asia, consisting of 20 of the region’s most dynamic and high-growth companies.
These companies were considered trailblazers, shapers and innovators committed to improving the state of their region and the world.
GGCs are fast-growing companies with the clear potential to become global economic leaders. The 20 nominated East Asian GGCs represented a broad cross-section of industrial sectors, but share in common a track record in exceeding industry standards in revenue growth, promotion of innovative business practices and demonstration of leadership in corporate citizenship.
The selected companies were Acleda Bank Plc. (Cambodia); WanaArtha Life (Indonesia); LINE Corp. (Japan); Kakaku.com (Japan); Hearts United Group Co., Ltd. (Japan); Cross Co. Inc. (Japan); Tokushinkai Group (Japan); Ferrotec Corp. (Japan); Myan Shwe Pyi Tractors Ltd. (Myanmar); Capital Diamond Star Group (Myanmar); Manila Water Co. Inc. (Philippines); Banyan Tree Holdings Ltd. (Singapore); ILJIN Group (South Korea); Fila Inc. (South Korea); Humax Electronics Co. Ltd. (South Korea); AA Corp. (Vietnam); The Gioi Di Dong (Vietnam); VNG Corp. (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.