Forbes Asia Best Under A Billion
Forum and Awards Dinner
Forbes Asia's Best Under A Billion list highlights 200 leading public companies in the Asia- Pacific region with annual revenue under $1 billion. To qualify for the selection, companies must have revenue between $5 million and $1 billion, positive net income and be publicly traded for at least a year. From a universe of 19,000 companies, qualified candidates are screened on sales growth and earnings growth in the past 12 months and over three years, and for the strongest five-year return on equity. The result is a final list featuring 200 exceptional small and midsized companies from the Asia-Pacific region.
To celebrate and honor the success of these 200 Best Under A Billion companies, Forbes Asia is hosting a Forum and Awards Dinner in Bangkok, Thailand on February 25, 2020.
Registration & Cocktail Reception
19:00 - 19:30
Session I: Asia’s Economic Outlook
Never before has Asia’s economic prospects been so clouded by disruptive forces in technology and globalization. A startup can emerge to upend long-established enterprises, backed by billions from private equity, and even big firms are learning to reinvent themselves. Growing trade tensions between China and the U.S. are creating collateral damage—but also collateral opportunities—across Asia. Businesses everywhere face a volatile mix of rising risk and slowing growth. How should those at the top respond to these forces of change to stay ahead? Where are the opportunities now? What’s the case for optimism, or caution, for Asia’s economic outlook in the coming year?
20:00 - 20:30
Session II: Best Practices
Making the Best Under A Billion list is not an easy feat. The 200 listees represent the top 1% of some 19,000 listed companies under a billion dollars in revenue. The criteria for selection to the list include sustainable growth and strong performance across a broad range of business metrics. How does one build a high-performing company that will make it to the Best Under A Billion list, and even graduate to the Best Over A Billion list? A panel of leaders from these companies will share insights and strategies on how they stay on top of their game.
Forbes Asia Best Under A Billion Award Ceremony
Group photo with award recipients
End of Forum and Awards Dinner
Thapana SirivadhanabhakdiThapana SirivadhanabhakdiPresident and CEOThai Beverage Public Company Ltd
Mr. Thapana Sirivadhanabhakdi was appointed President and CEO of Thai Beverage Public Company Limited in January 2008. He was the Director and Executive Vice President of the Company from 2003. In 2011, he assumed the Executive Chairman of Oishi Group Public Company Limited since February 2011 where he previously served as Vice Chairman of Oishi Group of Companies from 2006. In October 2011, he was appointed Vice Chairman of the Sermsuk Public Company Limited. Also, he was appointed Director of Fraser and Neave, Limited in February, 2013.
In addition, he has held several executive positions in many leading companies, including senior executive positions in Beer Thai (1991) Public Company Limited, Red Bull Distillery Group of Companies, Berli Jucker Public Company Limited, South East Group of Companies, Siam Food Products Public Company Limited, and Univentures Public Company Limited.
Recognised for leadership in upholding the highest standards of corporate governance, in 2011 he was awarded Asian Corporate Director Recognition Award from the Corporate Governance Asia Magazine. Furthermore, in 2011 and 2012, he was conferred Asian Excellence Recognition Awards: Asia’s Best CEO (Investor Relations) from the same magazine for second consecutive years. These follow the Asia’s Best Company 2009, Thailand: Best CEO award by FinanceAsia in 2009.
He is a graduate of Boston University with a Bachelor of Business Administration (Finance) and a Master of Science Administration in Financial Economics. He holds an Honorary Doctoral Degree of Philosophy in General Management from Ramkhamhaeng University.President and CEOThai Beverage Public Company Ltd
Lawrence HoLawrence HoChairman and CEOMelco Resorts & Entertainment & Melco International Development Ltd
Lawrence Ho is the Chairman and CEO of Melco Resorts & Entertainment Limited (Nasdaq: MLCO) and Melco International Development Limited (HKEx: 200). He oversees the companies’ vision and strategy, with the goal to redefine gaming and entertainment by delivering iconic destinations for the Asian premium market. Since taking over Melco International in 2001, Lawrence commenced a decade-long transformation of the business into a pioneering leisure and entertainment group. He started leading Melco Resorts & Entertainment in 2004, with a clear vision to create premium Integrated Resorts that go beyond gaming.
Lawrence’s first casino hotel was Altira in 2007 in Taipa Macau, a 9-time winner of the “Forbes Travel Guide” for 5-star hotel and spa. He continued on by launching City of Dreams in 2009, which currently features numerous Michelin-starred restaurants. City of Dreams is also home to his latest hotel, Morpheus, which was launched in 2018. Morpheus is the world’s first ever free-form exoskeleton high-rise architectural masterpiece designed by the late Dame Zaha Hadid and ranked in 2018 by Time Magazine as one of the World’s greatest places. Located across from the City of Dreams is Studio City, the cinematically-themed resort launched in 2015 that delivers unique and exhilarating guest experiences. Beyond Macau, Lawrence has expanded the Melco brand to the Philippines with City of Dreams Manila in 2015 and recently received Cyprus’ first and only casino license to launch City of Dreams Mediterranean in 2021.
Under Lawrence’s leadership, Melco destinations are internationally recognized for their singular focus on high-quality guest experiences through world-class entertainment, retail, dining, and hospitality. Melco’s properties showcase the record-breaking show “The House of Dancing Water” in collaboration with Franco Dragone, an original all-electric theatrical stunt show “Elēkrŏn” in partnership with Stufish, Asia’s largest Virtual Reality zone and Macau’s first ever EStadium. All of his properties have garnered industry recognition for excellence. Melco has over 360 awards to date; all of his properties have received the Forbes 5-star rating and his properties have the most Michelin stars in Macau. In 2018, Melco received the top number of entries for any integrated resort operator in the world, with its hotels and spas listed in the “Forbes Travel Guide 2018 World’s Most Luxurious Hotels/Spas”.
Lawrence is a member of the National Committee of the Chinese People’s Political Consultative Conference and Vice Chairman of the All-China Federation of Industry and Commerce. He graduated from the University of Toronto with a bachelor's degree in commerce and was awarded an honorary doctorate by Edinburgh Napier University, Scotland.
Chairman and CEOMelco Resorts & Entertainment & Melco International Development Ltd
Aloke LohiaAloke LohiaGroup CEOIndorama Ventures Public Company Ltd
Mr. Aloke Lohia was born in 1958 in Calcutta, India. He graduated with a Bachelor of Commerce from the University of Delhi and holds an Honorary Doctoral Degree of Business Administration from Rajamangala University of Technology Krungthep in Thailand. His father is a successful businessman who eventually established the family in Indonesia in 1976. Aloke struck out on his own to set up his first company in Thailand in 1988; a small chemical company that used plant waste to make furfural oil for the steel industry. He went on to establish Thailand’s first worsted wool yarn manufacturer in 1994.
Realizing that Polyethylene Terephthalate (PET), which is used in the packaging industry, was in great demand but short supply, he set up Thailand’s first producer of PET in 1995 and eventually spreading out around the globe from North America to Europe, Asia to Africa. Since that first small PET factory in Thailand, Indorama Ventures has grown to become the largest PET company in the world today with US$7.5 billion in revenue in 2013. Over time, Aloke has grown his domain to cover 46 operations in 18 countries globally, keeping the existing operational management in place with every acquisition to build a truly multicultural organization.
Deeply focused on sustainability, Aloke has concentrated on raising the company’s corporate social responsibility to world class levels. Initiating good corporate governance policies, he has driven the company to place at the forefront a broad range of important issues from human rights to the environment and the treatment of customers and suppliers and is now pursuing targets for the reduction of the group’s footprint on the surrounding communities and environment.
Several organizations have acknowledged the advances made by the company under his leadership. The Thai Stock Exchange gives the company a 5-star CG rating and it has been named one of the Forbes Asia Fab 50 Companies. Aloke himself was named one of the ICIS Top 40 Power Players in the chemical industry.
By maintaining a people-centric vision, Aloke believes that his business can grow further and is aiming to make Indorama Ventures one of the top 20 chemical companies in the world.
Aloke is married to Suchitra Lohia, who runs the company’s packaging business, and has three children, Aradhana, Yash and Anuj.Group CEOIndorama Ventures Public Company Ltd
Jeffrey CheahJeffrey CheahFounder and ChairmanSunway Group
An accountant by training, Tan Sri Dr. Jeffrey Cheah, AO, began his career as an accountant at a motor assembly plant in Malaysia. In 1974, he founded and started Sunway Group, which today is a formidable conglomerate with core businesses in property and construction. Its twelve (12) established business divisions span across 50 locations worldwide with a 13,000 strong employee base.
Tan Sri Cheah has been conferred nine (9) honorary doctorates by leading universities worldwide.
He was appointed Officer of the Order of Australia (“AO”) by the Prime Minister of Australia in 2008. AO is one of Australia’s most prestigious and highly regarded awards conferred to a non-citizen of Australia. He is also the Chairman and Co-Founder of Asian Strategy & Leadership Institute (“ASLI”). He was conferred the Honorary Assistant Commissioner of Police (“ACP”) title in February 2013 by Malaysia’s Inspector-General of Police (“IGP”) for his commendable efforts as Chairman of Malaysia Crime Prevention Foundation (Selangor Chapter).
In 2007, he established the framework of Jeffrey Cheah Foundation (“JCF”) and in 2009, he endowed, in perpetuity, all his equity across the 12 institutions of Sunway Education Group, inter alia, Sunway University, Monash University Malaysia, Jeffrey Cheah School of Medicine and Health Sciences, Sunway College and Sunway International School, valued at more than RM720 million to the JCF. JCF was officially launched by the Prime Minister of Malaysia on 18 March 2010 witnessed by the Foundation’s Royal Patron, His Royal Highness Sultan of Selangor.
Founder of Sunway Berhad Tan Sri Dato’ Seri Dr. Jeffrey Cheah
In December 2011, Tan Sri Cheah was appointed to Malaysia’s education panel to review the nation’s education system by the Minister of Education. He is the Founding Trustee of the Board of Mahathir Science Award Foundation, Razak School of Government, and the Perdana Leadership Foundation.
With a generous endowment, Tan Sri Cheah through JCF has forged academic ties with Harvard University in July 2013 to establish the Jeffrey Cheah Funds for Southeast Asia Studies; the Jeffrey Cheah Professorship and the Jeffrey Cheah Visiting Professorship, both in perpetuity, and the Jeffrey Cheah Travel Grants. This initiative will serve to advance teaching and research on Southeast Asia Studies at Harvard University and to enable two-way flow of scholars and researchers between Harvard University and the Sunway Education Group. In August 2014, Tan Sri Dr Cheah received a special invitation from the President of Harvard University to be a member of the Global Advisory Council of Harvard University.
In 2014, JCF established the Jeffrey Cheah Institute on Southeast Asia (JCI) to deepen its academic partnership with Harvard and other world’s leading universities by conducting and promoting joint research and teaching on the economies, societies, politics and cultures of Southeast Asia. The JCI is the first public policy think tank for Southeast Asia based in a private university in Malaysia. JCI was officially launched by the Deputy Prime Minister of Malaysia on 18 March 2014, witnessed by Tan Sri Dr Cheah and the members of the International Academic Advisory Council (IAAC).
In November 2014, with a generous benefaction by JCF to Gonville & Caius College in the University of Cambridge (Caius), the Jeffrey Cheah Professorial Fellowship Fund was established. It includes Travel Funds and support, in perpetuity, two University of Cambridge professors who are Fellows of Caius, and who will be known as the Jeffrey Cheah Professorial Fellows. Prof. Kay-Tee Khaw CBE, FMedSci who is a Professor of Clinical Gerontology and Prof. John Todd FRS, who is a Professor of Medical Genetics, both have been named as the first holders of the Jeffrey Cheah Professorial Fellowships at Caius.
In recognition of his unwavering commitment towards advancing higher education, Tan Sri Jeffrey Cheah, AO, Founding Trustee of JCF and Chancellor of Sunway University, has been matriculated as a member of Caius, and admitted as a Gonville Fellow Benefactor of the College. His name has been inscribed on the Benefactors’ Wall at the Great Gate of Caius, which records the names of the greatest benefactors since its foundation in 1348. He is the first Malaysian to have received such an honour. In addition, he will be admitted as a Companion of the Guild of Cambridge Benefactors at an annual ceremony in the Senate House of the University.
In December 2014, Founding Trustee of JCF, Chancellor of Sunway University and Founder and Chairman of Sunway Group, Tan Sri Dr Cheah and Pro Vice-Chancellor of University of Oxford, Professor Nicholas Rawlins on behalf of the University of Oxford, signed a statement of intent to embark on academic and cultural project collaborations, among which include the 4th Southeast Asian Studies Symposium. The Symposium, held outside University of Oxford for the first time at Sunway from 20 to 24 March 2015, was graced by the Sultan of Perak, HRH Sultan Dr. Nazrin Shah.
Founder and ChairmanSunway Group
Au King LunAu King LunChief Executive OfficerValue Partners Group Ltd
Dr AU King Lun is Chief Executive Officer (“CEO”) of Value Partners Group, responsible for the Group’s business and corporate affairs. He joined Value Partners in December 2016, bringing decades of asset management industry experience to his role.
Previously, Dr AU was CEO of Eastspring Investments (Hong Kong) Limited and BOCHK Asset Management Limited. He also held various senior management positions at other financial institutions including HSBC Global Asset Management (Hong Kong) Limited. Dr AU was named CEO of the Year in Hong Kong by Asia Asset Management in 2012 and 2014. He was awarded the Medal of Honour (“MH”) by the Government of the Hong Kong Special Administrative Region (“Hong Kong SAR”) for his valuable contributions to the securities and asset management industry in 2008.
Currently, Dr AU is an Index Advisory Committee Member of the Shanghai Stock Exchange as well as the China Securities Index Co., Ltd. He also sits on the Advisory Committee of Hong Kong’s Securities and Futures Commission and the Market Development Committee of the Financial Services Development Council (“FSDC”). In addition, he was the Chairman of the Hong Kong Securities and Investment Institute from 2006 to 2008 and the Chairman of the Hong Kong Investment Funds Association in 2004/2005.
Dr AU holds a CFA, and he earned a Bachelor’s degree in Physics from the University of Oxford and a PhD in Theoretical Particle Physics from Durham University.
Chief Executive OfficerValue Partners Group Ltd
Yoshito HoriYoshito HoriPresident, GLOBIS UniversityManaging Partner, GLOBIS Capital Partners
Mr. Yoshito Hori established GLOBIS Management School in 1992 and GLOBIS Capital Partners in 1996. In 2003, GLOBIS started its original MBA program which, in 2006, gained “university” status. GLOBIS started a part-time MBA program in English in 2009 and a full-time MBA program in English in 2012.
A Harvard MBA graduate and former Sumitomo Corporation employee, Mr. Hori founded the EO Japan Chapter in 1995 and became the first board member from Asia in charge of Asia Pacific region in 1996. He also served on the World Economic Forum (WEF)’s New Asian Leaders Executive Committee and Global Agenda Council on New Models of Leadership, as well as the Harvard Business School Alumni Board from 2005 to 2008. Currently, Mr. Hori serves on the Global Advisory Council of the Wilson Center (based in the US).
In 2008, he launched the G1 Summit - a Japanese version of the WEF's annual Davos Forum. This led to the foundation of G1 Institute in 2013, which Mr. Hori serves as President, and Mr Hori's publication of "100 Actions," a vision for a better Japan.
Just days after a huge earthquake struck northeast Japan in March 2011, Mr. Hori launched Project KIBOW to support the rebuilding of the disaster-affected areas. Mr. Hori now serves as the President of the KIBOW Foundation and manages the KIBOW Impact Investment.
An avid enthusiast of the Japanese game Go since age 40, Mr. Hori has been Director of the Nihon Ki-in (Japan Go Association) since June 2013. He also serves as Ambassador for his hometown Mito City and Ibaraki Prefecture. In April, 2016, he purchased the Ibaraki Robots Sports Entertainment and serves as its CEO and principal owner.
He has authored several books including “Visionary Leaders who Create and Innovate Societies”, “Six Dimensions of Life”, and “My Personal Mission Statement”.
Mr. Hori received his BS in Engineering from Kyoto University and his MBA from Harvard Business School.
He is an avid swimmer and enjoys spending time with his family, especially his five sons.
President, GLOBIS UniversityManaging Partner, GLOBIS Capital Partners
Goh Peng OoiGoh Peng OoiGroup Executive ChairmanSilverlake Axis Ltd
Goh Peng Ooi has over 30 years of experience in Information Technology. He obtained a Bachelor of Engineering majoring in Electronics Engineering from the University of Tokyo on the Monbusho scholarship.
He began his career in IBM Malaysia and held several senior positions over his nine-year tenure, his last being Marketing Manager for Banking and Finance.
In 1989 he founded the Silverlake group. Based on his foresight on the future of technology demands of the Banking industry, Silverlake has been established as a leading provider of state-of-the-art universal banking solutions. Today, the group is a multi-billion dollar organisation represented in 20 countries spanning from Japan to Australia and has a staff force of approximately 5,000 worldwide.
The Silverlake group has earned many industry recognitions since its inception including the IBM Partner Excellence Award (2012), IBM ASEAN Golden Circle Award (2012), Forbes Asia’s Best Under A Billion – Best of the Best (2013), The Asian Banker Vendor Satisfaction Survey Gold Award (2014).
In 2005, Goh was awarded the Technology Entrepreneur Award Malaysia, an award organised by Ernst & Young that recognises world-class entrepreneurs and provides a benchmark for entrepreneurial excellence. In 2014 Ernst & Young bestowed the Master Technology Entrepreneur Award Malaysia to Goh, who will represent Malaysia in the Ernst & Young World Entrepreneur of the Year in Monte Carlo this year.
Aside from his professional achievements, Goh is very much involved in academics – particularly in Science and Mathematics. He is particularly interested in the research of the Science of Intelligence and its application to Human Actions and Economy, and where possible enjoys giving talks in various schools of higher learning.
Goh is a Fellow of the Academy of Sciences Malaysia, a Fellow of the ASEAN Academy of Engineering and Technology (AAET), a Member of the ASM Science and Technology and Industry Linkage Committee, an adviser of the ACCCIM Science, Technology and Innovations Committee, sits on the Board of Governors for IACT College Malaysia and is an Industry Advisor of the Faculty of Engineering and Science in Universiti Tunku Abdul Rahman.Group Executive ChairmanSilverlake Axis Ltd
Vikrom KromaditVikrom KromaditChief Executive OfficerAmata Corporation Public Company Ltd
Mr. Vikrom Kromadit was born on March 17, 1953, in Kanchanaburi province. He graduated from The National Taiwan University with a Bachelor of Mechanical Engineering. He is the founder and Chief Executive Officer of Amata Corporation which was established in 1989 and listed on the Stock Exchange of Thailand in 1997. Amata Corporation Public Company Limited becomes one of Thailand's best leading industrial estate developers. There are 15 subsidiaries and dozens of joint ventures.
He is managing three eco-friendly industrial estates in Thailand and Vietnam, Amata Nakorn, Amata City and Amata City Bien Hoa. The total project area of three industrial estates is approximately 100 square kilometers, and there are almost 1,000 companies from 30 countries generating 30 Billion US Dollar worth of products. In 2007, Forbes Magazine ranked him as 27th of the 40 richest men in Thailand and the next year named him one of the 48 Heroes of Philanthropy in Asia and the Foreign Direct Investment magazine (fDi) from Financial Times Group in London gave him a reward of fDi Personality of the Year 2008-Asia.
Apart from his industrial estate business, Mr.Vikrom Kromadit is currently the Chairman of Amata Foundation. Now he spends most of his time working with Amata Foundation. He aims to educate people by writing books, based on his autobiography and working experience. More than 5 million copies of his books have been published since 2004. The best seller “Be A Better Man” was translated to Chinese, Japanese, English, Vietnamese, Myanmese, Russian, Malay and German versions. Moreover, “Be A Better Man” also was produced in Thai TV drama named "Fire Amata" or “Amata's fire” and was released on Free TV Channel 9 during April to July 2010.
Mr. Vikrom Kromadit has planned to have a long caravan journey annually since 2011 onwards. In 2013, he had done his caravan traveling from Bangkok to Russia in 7 months by passing through Laos, China, Russia, Kazakhstan and Myanmar. The objective of this trip was to promote bilateral ties at the people-to-people level between Thailand and other countries in areas of trade, investment and tourism and to share his experience from traveling across Asia and the world. Mr. Vikrom Kromadit is also keen to prepare for the upcoming ASEAN Economic Community (AEC) in 2015 and adapt to any potential changes in the economy, environment and society.
In collaboration with Panorama Worldwide Company Ltd., Mr.Vikrom Kromadit is working as a TV host of “Mong Lok Baeb Vikrom (Vikrom’s Vision)” broadcasting on Thai free TV Channel 3 from Monday to Friday at 05:50 a.m. He is also working with Re:Source Media Inc., Canada, to produce “Asia Rising” and “Driven” documentary which will be broadcasted on TV Network in USA and worldwide in 2014 onwards.Chief Executive OfficerAmata Corporation Public Company Ltd
Loi Pok YenLoi Pok YenGroup CEOCWT Ltd
Loi Pok Yen was born in 1970 and raised in Singapore. He holds a Bachelor’s degree in Business Administration (Hons) from the National University of Singapore. Pok Yen is married with three children.
Pok Yen started his working career in 1995 with C & P Holdings, a private logistics company, where he held portfolios in general management, operations, sales & marketing, human resources and finance. Whilst in C & P, he gained significant experience in port terminal operations. Pok Yen was based in Myanmar from 1995 to 1997, where he helped oversee and build Myanmar International Terminals Thilawa, Myanmar’s largest sea port. After his working stint in Myanmar, he returned to Singapore and was responsible for the construction of warehouses and running the logistics business at C & P.
Pok Yen joined CWT Limited, a leading logistics provider listed on the Singapore Exchange, as Group CEO in January 2005. He is responsible for corporate development, strategic expansion and general management of CWT Group of companies. Pok Yen also sits on the CWT Board as an Executive Director.
At CWT, Pok Yen continues to leverage his C & P experience to design, improvise and construct warehouses that are built to optimise operations efficiency. To date, he has built over 18 million square feet of warehouses. In addition, he has led and successfully launched REITs like Cache Logistics Trust and Cambridge Industrial Trust.
Over the years, Pok Yen has been instrumental in transforming the CWT Group into a global enterprise and multi-billion dollar company with operations presence across 50 countries. Under his leadership, CWT’s revenue expanded to S$9.1 billion in 2013 (2005: S$248 million) and profits grew over 50 times to S$106 million in 2013 (2005: S$2 million). Pok Yen also drives investor outreach activities. CWT’s market capitalisation has increased more than 10 folds to over S$1 billion since he took charge of the company.
In 2014, Pok Yen led CWT to a spot in Forbes Asia’s Fabulous 50 in recognition of the company’s outstanding performance, for the second consecutive year. He was also awarded EY Entrepreneur of the Year – Logistics Winner in 2013 based on his entrepreneurial spirit, financial performance leadership, strategic direction, community/global impact, innovation and personal integrity/influence.Group CEOCWT Ltd
Krishna Kumar BangurKrishna Kumar BangurChairmanGraphite India Ltd
Mr. Krishna Kumar Bangur is the Chairman of Graphite India Limited, the largest producer of graphite electrodes in India. He has been exposed to business and industry at an early age and has over 30 years of experience in managing the affairs of various companies. He has been a director of the Company since July 1988 and Chairman since July 1993.
Under his leadership, the Company’s turnover has risen manifold from Rs.1,570 mn in 1994 to Rs.32910 mn in FY 2017-18. The Company was selected for 2 years in a row by Forbes as one amongst the top 200 best companies under billion dollars outside USA for the years 2003 and 2004.
He is also on the Board of Directors of number of other Indian Companies.
He is a Past President of Indian Chamber of Commerce (ICC) and All India Organization of Employers (AIOE). He is also a National Executive Committee Member of Federation of Indian Chamber of Commerce & Industry (FICCI) since 1993.ChairmanGraphite India Ltd
Melvin AngMelvin AngExecutive Chairmanmm2 Asia Ltd
Melvin Ang is the Founder, Executive Chairman and Executive Director of mm2 Asia, responsible for supervising the overall business operations and management of the Group, as well as business planning and providing executive leadership and supervision to the Group's Senior Management team. Mr Ang graduated from Macquarie University with an MBA in 1996. In August 1997, he was employed by the Television Corporation of Singapore as Vice President, Business Development. Mr Ang was subsequently employed by SPH MediaWorks Ltd as its Chief Operating Officer of its Media Business Group between November 2000 and April 2003.
Between July 2003 and March 2007, Mr Ang was employed as Managing Director of MediaCorp Studios. Before setting up mm2 Malaysia and mm2 Singapore in January 2009, he served as Media Prima Berhad’s Executive Advisor between July 2007 and December 2008.
Executive Chairmanmm2 Asia Ltd