Brand Finance, a London-based brand valuation consultancy, recently released its latest annual report on the most valuable and strongest Filipino brands.
In this year’s list, telco companies PLDT and Globe Telecom took the top spots as the most valuable and the strongest Filipino brands, respectively.
Table of Contents
PLDT retains title as Philippines’ most valuable brand at USD 2.6 billion
PLDT is still the most valuable brand, with a 2% increase in brand value to USD 2.6 billion due to strong brand performance. Despite a recent decrease in brand strength rating from AAA to AA+, PLDT remains focused on innovation to enhance customer service and drive the Philippines towards becoming a financial and technology hub.
PLDT is collaborating with CSG to provide better billing solutions and plans to market its infrastructure to foreign investors. The company is also committed to ESG initiatives, such as deploying solar panels and using carbon fiber cell towers to reduce greenhouse gas emissions.
Second to PLDT is BDO who climbed a spot with a 49% increase in brand value to USD 2.2 billion, and sitting third is Globe who fell short at 2% decrease at USD 2 billion.
Photo/ Brand Finance
Top 10 ranking of the most valuable Filipino brands of 2023:
- PLDT
- BDO
- Globe
- Jollibee
- BPI
- Metrobank
- Meralco
- Petron
- Puregold
- UnionBank
Globe Telecom is now the Philippines’ strongest brand
Despite a decrease in brand value, Globe Telecom was hailed as the strongest Filipino brand of 2023, maintaining an exceptional AAA brand strength rating of 87.1. The company’s mobile and corporate data business reported strong performance resulting in consolidated service revenues of PHP 157.98 billion in 2022.
According to the report, Globe Telecom is at the forefront of rolling out 5G networks both locally and internationally, connecting over 3.9 million devices to its 5G network in 2022. It has also expanded its global presence through partnerships with other telco brands, introducing 5G services in 11 new countries and territories this year.
BDO also took second place on this list with a AAA brand strength and 86.5 BSI. Coming in third is Cebu Pacific, who newly made it to the list with AAA- brand strength and 81.0 BSI.
Photo/ Brand Finance
Top 10 ranking of the strongest Filipino brands of 2023:
- Globe
- BDO
- Cebu Pacific
- BPI
- Bear Brand
- PLDT
- Meralco
- Metrobank
- UnionBank
- Philippine Airlines
Jollibee is the fastest-growing Filipino brand of 2023
Furthermore, the report highlighted Jollibee’s ‘meteoric rise’ which achieved 53% increase in brand value to USD 1.6 billion, clinching the top spot as the fastest growing brand in the Philippines.
Photo/ Brand Finance
Jollibee climbed up to from the 4th spot in the list with an AA- rating, thanks to the success of its video campaign called “Salamat sa Joy ng Muling Pagsasama” (“Thank you for the Joy of Reunion”), which emphasized the joy of eating out with family as pandemic restrictions eased. Thus, Jollibee’s profits increased by an impressive 200% in Q2 2022.
Top 20 Filipino brands of 2023:
- PLDT
- BDO
- Globe Telecom
- Jollibee
- Bank of the Philippine Islands
- Metrobank
- MERALCO
- Petron
- Puregold
- Union Bank of the Philippines
- Bear Brand
- SM Prime
- Security Bank
- Ayala Land
- Converge ICT
- Chinabank
- Philippine Airlines
- RCBC
- Philippine National Bank
- Cebu Pacific
“This year, we would like to congratulate PLDT, Globe Telecom, and Jollibee for topping Brand Finance’s Top 20 Philippines brands rankings as our most valuable, strongest, and fastest-growing brands, respectively,” said Alex Haigh, Managing Director – Asia Pacific of Brand Finance.
“We also see success in the banking sector, as banking brands’ investments in digitizing and improving customer experience have resulted in brand value growth across all brands in the sector,” he added.
To view Brand Finance’s full report on the Top 20 Philippines brands rankings, you may download their PDF here 104.
