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FinanceAsia presents YTL with Asia’a Best Companies award

   
Kuala Lumpur, 10 April 2003

Today, FinanceAsia presented YTL with the plaque for being listed in its poll on Asia’s Best Companies. FinanceAsia Singapore’s country manager, Siddiq Bazarwala met YTL managing director Tan Sri Francis Yeoh to present the award and to congratulate the Group.

“From YTL’s perspective, I wouldn’t be surprised if I won this award. It doesn’t come as a surprise that you did as well as you have in this particular poll that we conducted,” Siddiq said on YTL being polled tops in Malaysia for “Best Financial Management”, second for “Most Commitment to Creating Shareholder Value”, third for “Best Corporate Governance”, fifth for “Best in Investor Relations” and sixth in the “Best Managed Company” category. Yeoh has also been named runner-up in the “Best CFO” category.

He explained that the poll by FinanceAsia is different from polls conducted by other magazines as they tend to focus on Asian investors based in Asia. FinanceAsia includes investors who have an interest in Asian equities and Asian fixed income credits from the US and Europe. This makes the poll “more a global institutional investor poll rather than an Asian investor poll.”

He said, “Whenever we rate a Best CFO, we expect a Chief Financial Officer to be rated. Interestingly for Malaysia, not only do investors perceive Tan Sri Francis Yeoh as a CEO and upper management executive, but as someone who manages the company’s balance sheets extremely well. So I think this is all the more congratulatory for Tan Sri Francis to have won this award.”

Despite the current global economic situation, Siddiq said FinanceAsia would continue its coverage on Malaysia. “We think Malaysia has a very interesting story to tell. It has always had a very interesting story to tell since 1997. It has been one of the few countries in Asia, if not one of the key countries in Asia, that has performed extremely well when all the regional neighbouring countries were suffering. We are committed to Malaysia—it is a very, very interesting country,” he added.




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THE OSLO BUSINESS FOR PEACE AWARD

TRANSPARENT COHERENT REGULATORY FRAMEWORK

PERSONAL AND SUSTAINABILITY AWARDS

TAN SRI FRANCIS YEOH'S BIODATA

 
 

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