World Economic Forum Shortlists 6 East Asian Companies as Global Growth Companies

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World Economic Forum

Jakarta, Indonesia, 20 April 2015 – The World Economic Forum today announced its selection of Global Growth Companies (GGCs) regional finalists for East Asia. As regional finalists, the six companies have been given the opportunity to join the larger GGC community at the World Economic Forum on East Asia, taking place in Jakarta, Indonesia.

This is the first stop in their journey towards the Annual Meeting of the New Champions, in Dalian, People’s Republic of China in September, where the World Economic Forum will recognize and honour the selected 2015 class of GGCs.

GGCs are fast-growing companies with the potential to become global economic leaders. The nominated companies represent a broad cross-section of industry sectors and share a track record of exceeding industry standards in revenue growth, promotion of innovative business practices and demonstration of leadership in corporate citizenship.

The regional finalists for East Asia are:

  • Amata Corporation(Thailand) – the largest listed conglomerate in the industrial estate sector in Thailand
  • GrabTaxi(Malaysia) – a fast-growing automated taxi booking platform in South-East Asia
  • Hoa Sen Group(Vietnam) – a leading manufacturer of building materials in Vietnam
  • Sritex/Sri Rejeki Isman(Indonesia) – one of the largest garment manufacturer in East Asia
  • Tokopedia(Indonesia) – a popular marketplace site which enables individuals and business owners to open online stores
  • Trade and Development Bank(Mongolia) – a leading provider of banking and financial services in Mongolia

“The World Economic Forum is proud to recognize these six companies 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 Jakarta, 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.

Together with Social Entrepreneurs, Technology Pioneers, Young Global Leaders, Global Shapers and Young Scientists, GGCs make up the New Champions, a World Economic Forum community of pioneers, disruptors and innovators.

Selection as a GGC provides companies with an opportunity to join the existing GGC community of over 380 enterprises worldwide. These companies contribute to the Forum’s meetings, projects and knowledge products, which in turn support them on their path to achieving responsible and sustainable growth.

The World Economic Forum recognizes new GGCs through a rigorous selection process. Candidates are drawn from a pool of highly qualified companies following a worldwide nomination process. Individuals with a strong understanding of companies that might qualify as a GGC are invited to submit nominations for the next selection cycle. To nominate a company, please complete the online form here.

Regional finalists for East Asia will join the GGC community in Jakarta on 19-21 April. Convening under the theme, Anchoring Trust in East Asia’s New Regionalism, the meeting will gather the region’s most senior decision-makers to explore through public and private sessions on how enhancing trust can improve regional cooperation and accelerate sustainable socio-economic development.

The Co-Chairs of the World Economic on East Asia are: Hans-Paul Bürkner,Chairman, The Boston Consulting Group, Germany; John Riady, Executive Director, Lippo Group, Indonesia; Budi Gunadi Sadikin, Chief Executive Officer, PT Bank Mandiri (Persero), Indonesia; William Lacy Swing, Director-General, International Organization for Migration (IOM); and Teresita Sy-Coson, Vice-Chairman of the Board, SM Investments Corporation, Philippines.