Wednesday , 18 September 2019
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New York-based management advisor Stern Stewart & Co. has included International Container Terminal Services, Inc. (ICTSI) in its ASEAN 100 Relative Wealth Added (RWA) Index list for 2009.

ICTSI among ASEAN’s top 100 wealth makers

ICTSI was ranked 39th in Southeast Asia and third in the Philippines in the list’s RWA-Overall Business Cycle. Eleven Philippine companies made it to the regional rankings, with ICTSI cited as one of only two companies in the country that created wealth for shareholders during a six-year business cycle from 2001 to 2008.

The RWA Index is based on a metric system devised by Stern Stewart that measures companies’ wealth made during expansion and contraction periods. Listed companies are pitted against peers classified according to industries defined by business news and information provider Bloomberg.

Under the Transportation heading, ICTSI was also placed 26th in the RWA-Overall Expansion list but was not included in the RWA-Overall Contraction list, an indication that ICTSI had weathered the global economic crisis based on its performance from October 9, 2007 to year end 2008. Stern Stewart identified October 9, 2007 as the peak of the market based on Bloomberg data.