Singapore firm listed on "Forbes Asia's Fab 50"

SINGAPORE: Singapore firm, Olam International, has made to the "Forbes Asia's Fab 50" list.


The list by business magazine Forbes is an annual roster of the best 50 big-cap and profitable companies in the region.

Olam was cited for its 48 per cent rise in net earnings, on a 26 per cent increase in sales for its financial year ended in June.

Singapore-listed, Hong Kong-based commodities firm, Noble Group, also made it to the list.

The bulk of the top 50 firms in the list were those from Asia's economic powerhouses, China and India.

Both have tied for top place with the most number of firms, with 16 entries apiece.

Some of the Chinese firms in the list include Lenovo, Digital China and Tencent Holdings.

Indian companies lauded include Bharat Heavy Electricals, Larsen & Toubro as well as Axis Bank.

This year, Hong Kong and Taiwan tied for third place with four companies each.

Coming in fifth is South Korea with three entries: Glovis, NHN and Samsung Engineering.

Following behind are Australia and Japan with two entries each. - CNA/fa