WEF names Manila Water among 20 high growth firms in East Asia

By , on May 21, 2014

Manila Water

Ayala-owned Manila Water Company was listed in the 20 most dynamic and high-growth companies in East Asia by the World Economic Forum (WEF). Manila Water provides water collection, treatment, and supply as the private concessionaire of the Metropolitan Waterworks and Sewerage Systems (MWSS).

After formally taking over the operations for the East Zone in 1997 and holding its west water concession in Quezon City, the company is now providing water and waste water services to the cities and municipalities of Eastern Metro Manila and Rizal Provinces and is now fully operational in Cebu, Clark, Laguna, Boracay and Vietnam.

In a statement, WEF said that selected Global Growth Companies (GGCs) in East Asia are considered among the world’s trailblazers, shapers, and innovators and are fast-growing companies with the potential of becoming global economic leaders.

“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.

Being nominated as a GGC enables companies to join a bigger GGC community of more than 360 companies which contributes to the Forum’s meetings and projects, in turn supporting them on their goal of reaching responsible and sustainable growth.

Though represented by a broad cross section of industrial sectors, the 20 nominated East Asian GGCs represent share in common a track record in excellence of industry standards in promotion of innovative business practices, revenue growth, and demonstration of leadership in corporate citizenship.

Other selected companies are: Acleda Bank Plc. (Cambodia); WanaArtha Life (Indonesia); LINE Corporation (Japan); Kakaku.com (Japan); Hearts United Group Co., Ltd. (Japan); Cross Company Inc. (Japan); Tokushinkai Group (Japan); Ferrotec Corporation (Japan); Myan Shwe Pyi Tractors Ltd. (Myanmar); Capital Diamond Star Group (Myanmar); Banyan Tree Holdings Ltd. (Singapore); ILJIN Group (South Korea); Fila Inc. (South Korea); Humax Electronics Co., Ltd. (South Korea); AA Corporation (Vietnam); The Gioi Di Dong (Vietnam); VNG Corporation (Vietnam); Thien Minh Group (Vietnam); Minh Phu Seafood Corp. (Vietnam).

With report from Bernie Magkilat