Tuesday, September 29, 2009

Indonesia's state bank among 50 Forbes' impressive Asian firms

Compiled from: Forbes.com, Xinhua and detik.com, and other sources

Indonesia's Bank Rakyat Indonesia (BRI) is listed again among 50 most impressive Asian firms by the influential business magazine Forbes.

Retaining its presence in the list since last year, BRI was ranked 7th of firms listed in the Forbes' "Asian Fabulous 50" list this year. The Indonesian' state-run bank that provides loans for small-sized firms and farmers in the country is regarded to have impressive working performance in the last 5 years.

The selection on firms fitted in the list was based on the firms' share price in the market and the firms' future business projection. Forbes has learned that BRI's market capitalization now stands at 9.3 billion U.S. dollars with sales reached 2.8 billion dollars.

Indian, Chinese and Japanese companies dominated Forbes’ second annual list of the 50 best listed companies in the Asia-Pacific region with twelve, nine and nine spots respectively. There were six Taiwanese companies on the list as well.

Most of the companies featured on the list were in the field of utilities, telecoms, mining, milling and smelting the metals and minerals to feed Asia’s emerging need for better overall infrastructure.

After India, China and Japan, the next biggest companies were from South Korea and Taiwan followed by Australia.

The Fab 50:

1. Acer -- Taiwan
2. Adani Enterprises -- India
3. Agile Property Holdings -- China
4. Angang Steel -- China
5. Anhui Conch Cement -- China
6. Axis Bank -- India
7. Bank Rakyat Indonesia -- Indonesia
8. Bharat Heavy Electricals -- India
9. Bharti Airtel -- India
10. BHP Billiton – Australia

Click here for complete list…

Who Runs Asia's Fab 50: The bosses of the best, big, public companies in Asia – Forbes.com