International Container Terminal Services, Inc. (ICTSI), headquartered in Manila, has been named by Forbes Asia magazine as one of Asia Pacific’s top 200 companies in its 2007 ‘Best Under a Billion’ list. ICTSI is the only Philippines company to be included in the list.

Forbes accolade for ICTSI

This is the fourth accolade 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 survey looks at over 22,500 publicly-listed companies in Asia and the Pacific with sales of under US$1bn. Companies are screened for consistent profitability and growth over three years, while subsidiaries and state-controlled enterprise are excluded from the list. This year, 80% of the companies included in the list were making their first appearance.

The latest Forbes citation is the third for ICTSI this year. In April, the company received an honourable mention for corporate governance by Hong Kong-based The Asset magazine in its annual Corporate Governance Rankings. In June, ICTSI was named by another Hong Kong-based publication, Finance Asia magazine, as Best MidCap company in Asia, with particular mention of its commitment to a strong dividend policy.