They were selected from a pool of around 20,000 listed firms in the region in sectors such as finance, semiconductors and food and beverage (F&B). Forbes Asia noted that geopolitical and inflationary headwinds “sapped” momentum from some Asia-Pacific economies, but strong domestic demand supported by an uptick in infrastructure spending and global trade drove the region’s overall growth in 2023. It added that an expanding middle class and the return of tourists boosted the number of F&B companies on 2024’s list to 21, more than double 2023’s total, a trend underlined by the Singapore firms that made the rankings.

Source: Forbes August 08, 2024 05:16 UTC