INTERNATIONAL Container Terminal Services, Inc. (ICTSI) has been named by Forbes Asia magazine as among Asia Pacific’s top 200 companies in its 2007 Best Under a Billion list. It is the only Philippine company to be included in the list.
The recent accolade is the fourth for ICTSI from Forbes. The company was included in Forbes’ Best Small Companies in 1997 and 1998, and the magazine’s Best Under a Billion list in 2003.
Forbes Asia’s annual Best Under a Billion tally is drawn from over 22,500 publicly listed outfits in Asia and the Pacific with sales of under $1 billion. The companies are screened for consistent profitability and growth over three years. Subsidiaries and state-controlled enterprise are excluded from the list.
Forbes said that while 80% of the companies included in the current list are making their first appearance, the returning outfits show that clear vision and strong management can adapt and persevere in a region of constant change.
The Forbes Best Under a Billion is the third citation for ICTSI this year.