Ranked from the highest earnings growth over the past year, here are the top 20 publicly listed Philippine companies, selected by Vantage Point in collaboration with Washington-based fund manager Eric Jurado of the International Investor. Optimism is high among government fiscal planners that the country could sustain the economic gains it achieved this year up to 2028. Meeting the growth target of 6% to 6.5%, they believe, is highly achievable when the final numbers are tallied for 2024.
Projected growth for 2025 to 2028 has been given a wider latitude of 6% to 8%, fortified by adaptive structural reforms. The Department of Finance (DoF) is confident that the country is on track to surpass revenue goals in 2024, projected to be the highest in 27 years. Other analysts’ estimates are also northward with the ASEAN+3 Macroeconomic Research Office (AMRO) seeing a robust Philippine economy with tamer inflation and a less restrictive monetary policy. It projects Gross Domestic Product (GDP) growth to reach 5.8% in 2024 and accelerate to 6.3% in 2025, buoyed by strong domestic demand and a pickup in external demand. Headline Consumer Price Index (CPI) inflation is projected to fall to 3.2% in 2024 from 6.0% in 2023, and maintain at 3.2% in 2025. Inspired by these economic numbers, Vantage Point, in collaboration with Washington-based fund manager Eric Jurado of the International Investor, did some pencil-pushing to find out which Philippine companies benefitted the most from the country’s better-than-expected economic performanc