Written by: Linda Bolido
The Philippine Daily Inquirer and renowned international market research firm Statista are looking for champions.
But not Olympian caliber people who can run or swim fastest, leap highest or jump broadest, punch hardest, and throw farthest; not Carlos Yulo or Simone Biles type who can combine agility and grace while performing complex gymnastic routines.
What the Inquirer and Statista are looking for are champions who, like the Olympians, have distinguished themselves for their perseverance, industry, commitment, and grit.
The Inquirer and Statista are now in search of the Philippines’ Growth Champions, the fifth consecutive year that they are undertaking this distinctive joint venture.
The Germany-based international market research firm Statista will compile a list of and rank the fastest-growing companies in the Philippines. Companies to be included in the Philippines’ Growth Champions 2025 list will be chosen based on revenue growth between 2020 and 2023.
Jiyun Lehner-Lee, lead analyst for Philippines Growth Champions, said,
“The world has witnessed the Philippines’ strong economic recovery from the impact of the COVID-19 (coronavirus disease 2019) pandemic in 2020. We are eager to identify the companies that significantly contributed to the nation’s economic rebound and continue to demonstrate their value.”
Added Kat Dalusong, vice president, and group sales head of the Inquirer Group of Companies, “In the fifth edition of the Philippines Growth Champions, we are excited to showcase the companies that maintained steadfast optimism, skillfully navigating challenges, and thriving beyond the pandemic’s impact. This milestone list underscores the importance of resilience and innovation.”
Companies that manage to secure a place in the ranking of the Philippines’ Growth Champions 2025 will be published in the Philippine Daily Inquirer and on Inquirer.net. They will also have the chance to enter the upcoming edition of the Financial Times’ High Growth Companies Asia-Pacific. Placements are free of charge.
Participation is free and the process is simple. Those who wish to join the search can just click on the registration link and follow the steps.
While the participation procedure is simple, the rewards for those who will be included in the Philippines’ Growth Champions 2025 are immense.
New business opportunities: An inclusion in ranking is a visible and public acknowledgment of a company’s performance that extends far beyond its specific industry and country. It will also generate attention for the business on the part of potential partners, customers, and investors around the world.
Employer branding: Corporate growth usually generates demand for new employees. Being featured in the high-profile ranking of the Philippine Daily Inquirer will not only increase awareness of the company as an employer, it also give potential employees an understanding of the company’s future potential.
Effective media coverage: Companies that manage to secure a position in the ranking will be listed on www.inquirer.net. They will also be featured in the Philippine Daily Inquirer.
Reputation: All companies that make it to the list may use the award logo for marketing purposes. This logo and the use for marketing purposes are subject to a licensing fee.
To be included in the ranking, a company must meet the following criteria:
Revenue of at least ₱5,000,000 generated in 2020
Revenue of at least ₱30,000,000 generated in 2023
Be independent (the applying company acts largely independently in its business decisions and does not receive significant sales from parent or related companies)
Be headquartered in the Philippines
The revenue growth between 2020 and 2023 was primarily organic (i.e. “internally” stimulated)
Revenue data submitted has to be verified. A form is provided for this purpose that must be signed in person by a Managing Director or a member of the company’s Executive Committee (CEO or CFO).
The submission process entails uploading the completed form to Statista via a link provided in the confirmation email. All necessary address details can be found on the form.
The application period will be from Aug. 15 to Oct. 31, 2024. The list of the Philippines’ Growth Champions 2025 will be released on Feb. 19, 2025.
The Philippine Daily Inquirer and Statista retain the right to change the criteria and/or produce new criteria at any point in the project’s lifetime.