FORBES Global has selected global maritime port operator International Container Terminal Services, Inc. (ICTSI) as one of world’s 200 “Best Under a Billion” companies in 2003.
Only two Philippine companies – ICTSI and iPeople, an IT firm of the Yuchengco Group – made it to this year’s register. Of the 200 in the list, 80 are from Asia.
Every year, editors of the New York-based business magazine scrutinize thousands of publicly traded companies outside the US with annual sales of below US$1 billion. This year, the selection was made from 19,000 companies, with the editors aiming to select businesses that, in 2002, were profitable and rewarded shareholders. The companies were also scrutinized based on their earnings and sales growth.
This is ICTSI’s second citation from Forbes. In 1997, Forbes selected ICTSI as one of the world’s “100 Best Small Foreign Companies.”
