ABS-CBN Corporation, the country’s leading multimedia company, has been ranked the 3rd best mid-cap (middle capitalization) company in the Philippines in the latest survey of FinanceAsia, one of the most respected finance magazines in the region. It is the only media company in this year’s list.
The rankings are part of the magazine’s “Asia’s Best Companies 2015” poll of over 250 portfolio managers and buy-side analysts in the region, or those who identify investment opportunities for Asia’s leading mutual funds, pension funds, trusts, and hedge funds.
ABS-CBN is the only entertainment and multimedia company included in the list for the mid-cap (middle capitalization) category. Security Bank was ranked 3rd equal.
“This recognition is a strong vote of confidence for ABS-CBN and a good indicator that we are on the right track," said ABS-CBN President and CEO Charo Santos-Concio. “We are indeed honored to be in this prestigious list of FinanceAsia.”
This is FinanceAsia’s 15th year to conduct this survey to find out which publicly listed companies investors consider to be the best-managed in Asia, who the best senior executives are, and which companies excel in corporate governance, investor relations, and other key metrics.
Chief Operating Officer Carlo Katigbak stated that the company is encouraged by this recognition and will continue to strive for innovation and excellence.
"We will continue to work hard to ensure that our strategies are attuned to technological trends and developments, and that our content remains relevant and sensitive to the needs of our various audiences. This is part of nation-building, of shaping our culture, to be ‘in the service of the Filipino’,” he said.
In 2014, ABS-CBN won a Gold Stevie Award in the “Company of the Year -- Media and Entertainment Company” category at the 11th International Business Awards, while Concio won a Gold Stevie Award in the “Female Executive of the Year in Asia, Australia, or New Zealand” category at the prestigious Stevie Awards for Women in Business.
ABS-CBN also bagged a Grand Stevie Award and the Gold Stevie Award in the “Services Company of the Year” category, while Concio also received the Gold Stevie Award for the “Woman of the Year” category for all Asia-Pacific nations (except Australia and South Korea) at the 2014 Asia-Pacific Stevie Awards. (Story by Kane Errol Choa)