Tag: brand rankings

Manila, Philippines – Brand valuation consultancy Brand Finance has recently released its rankings of valuable brands in the ASEAN region–with fast food chains Mang Inasal and Jollibee, as well as the Bank of the Philippine Islands (BPI) seeing significant growth in their respective markets.

Mang Inasal–whose brand value shot up 201% to US$374m emerges as this year’s fastest-growing brand ASEAN. The brand has moved up by 136 spots to feature as the 146th most valuable brand in the region this year

Meanwhile, Mang Inasal’s sister brand, Jollibee (brand value up 51% to US$2.3b), went up 19 ranks this year to become the 23rd most valuable ASEAN brand.

Climbing up nine spots this year, Bank of the Philippine Islands (brand value up 22% to US$1.5b) ranks as ASEAN’s 45th most valuable brand. This growth is driven by its higher scores in the in ‘familiarity’, ‘consideration,’ and ‘reputation’ metrics, according to market research data.

Within the region’s telecoms sector, Globe Telecom (brand value down 4% to US$1.9b), is the fifth strongest telecoms brand ranked for the year. With a Brand Strength Index (BSI) score of 85.4 of 100, it is also the only Philippines brand among ASEAN’s top 10 telecoms brand.

Other notable highlights for Filipino brands include:

  • Metrobank (brand value up 5% to US$1.2b) dropped two ranks to 61st in the ASEAN rankings this year. 
  • Petron (brand value up 20% to US$828m) is the 83rd most valuable brand in the region, up four ranks compared to 2023. 
  • Cebu Pacific (brand value up 7% to US$208m) advanced nine ranks to 219th in the region, in addition to being the ninth brand among ASEAN airlines brands.
  • Bear Brand (brand value down 2% to US$523m) ranks as the 24th strongest brand in ASEAN, with an AAA brand strength rating and a BSI score of 86 of 100.
  • Puregold (brand value up 17% to US$731m) secured the 92nd spot as ASEAN’s most valuable brands of 2024.
  • Ayala Land’s (brand value up 54% to US$451m) significant growth in brand value positioned the brand as the 132nd most valuable brand in the region.
  • Union Bank of the Philippines (brand value up 22% to US$679m) ranks as the 94th most valuable brand in the region. It is also ranked as the 29th banking brand in ASEAN.

Alex Haigh, managing director of Brand Finance for Asia-Pacific, said, “As the impact of strategic alignment and shared resources in building consumer loyalty and driving sustained growth, iconic brands like, Mang Inasal, Jollibee and Bank of the Phillippine Islands are growing and excelling within their sectors. The collective strength of these brands reflects ASEAN’s unique ability to adapt and thrive, with each sector’s progress amplifying the region’s overall resilience and forward momentum.”

Manila, Philippines – Local telecommunications company PLDT and banking brand BDO are leading the most valuable brand’s list in the Philippines, according to the latest ranking from brand valuation consultancy Brand Finance.

According to the list, PLDT is the most valuable brand in the Philippines in the rankings this year, powered by a 2% increase in brand value to US$2.6b. PLDT’s brand performance contributed to the brand capturing a higher market share of the fiber industry, which led to a 45% improvement in year on-year revenue.

Meanwhile, BDO led the charge as the most valuable banking brand (brand value up 49% to US$2.2b), followed by Bank of the Philippine Islands (brand value up 8% to US$1.3b) and Metrobank (brand value up by 4% to US$1.1b). 

The banking sector also saw five new entrants make our rankings this year – Union Bank of the Philippines (brand value at US$557.28b), Security Bank (brand value at US$331.44m), Chinabank (brand value at US$278.29m), RCBC (brand value at US$246.02m) and Philippine National Bank (brand value at US$234.69m).

Other leading brands include telco Globe (US$2.0b brand value), fast food chain Jollibee (US$1.6b brand value), electric provider Meralco (US$0.9b brand value), gas corporation Petron (US$0.7b brand value), and retail chain Puregold (US$0.6b brand value).

Meanwhile, Jollibee is the fastest-growing brand in the rankings, recording a rise in brand value by 53% to US$1.6 billion. It leaped three positions to 4th place while retaining a corresponding brand strength rating of AA-. Consequently, its financial performance improved, coupled with greater consumer spending after the pandemic.

Alex Haigh, managing director for Asia-Pacific of Brand Finance, said, “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 brand respectively. We also see success in the nation’s banking sector, as banking brands’ investments to digitalise and improve customer experience have resulted in brand value growth across all brands in the sector.”

Hong Kong – Global financial services company HSBC and Hong Kong’s flag carrier airline Cathay Pacific leads the list of the strongest brands in the region, according to the latest ranking made by Design Bridge and Partners in partnership with Kantar.

They are then followed by rewards club Yuu, followed by the public transport network MTR, global fast-food chain McDonald’s, local bank Hang Seng Bank, insurance provider AIA, local telco SmarTone, lifestyle app foodpanda, and insurance provider Manulife.

Other notable brands that made into the list include skincare brand Shiseido, luxury watch brand Rolex, fast food chain Kentucky, hotel chains Shangri-La and The Prudential, amongst others.

The ranking revealed the theme of ‘value-seeking’. Hong Kongers love bargains and like to feel that they’re ‘gaming the system’; this explains why so many brands offer great value or help consumers seek out the best deals. According to the research, the luxury market is still going strong, however, and doesn’t show any signs of slowing, with luxury businesses that build desire into their marketing. The love of luxury and good deals aren’t in opposition though – for Hong Kong consumers, it’s all about value.

One key contrast the report also uncovered was that of local versus international. Despite being shut off during the COVID-19 pandemic, Hong Kong is still an international hub with globally connected brands – five of the top 10 are Hong Kong brands, with HSBC taking the top spot. This strong local identity and heritage coupled with an international outlook and reach is a melting pot for creativity and effective design – with Hong Kong’s strongest brands representing both these values.

Hannah Duley, managing director at Design Bridge and Partners Hong Kong said, “Tomorrow’s world is placing more challenges on brands and their business, with harder-to-please consumer expectations and harder-to-predict market trends. But businesses that invest in their brands, especially in the age of disruption and volatility, still outperform in the market. It has proved that great brand design often comes with great brand results, both tangible and intangible. With the power of design, brands can give unity to every diverse aspect to form a compelling brand and create distinct meanings.”

Meanwhile, Jason Spencer, managing director at Kantar BrandZ, commented, “Hong Kong has always been seen as a land full of contradictions. This inaugural report reinforces this juxtaposition clearly as we see how dramatically different brands appear side by side in the rankings. With this in mind, pinpointing the DNA of a HK brand we found was a difficult task and in the end, we realised that it was a futile one as there is no one way to define what a Hong Kong brand truly is – they have dual utility and leverage the best of both worlds no matter the context.”

Singapore – Singaporean telecommunications company Singtel has been named the world’s sixth strongest telecoms brand in Brand Finance’s Telecoms 150 list, which ranks the most valuable and strongest telecoms brands globally. 

The placing crowns a year of significant achievements for Singtel, seeing it move up three spots globally from the ninth position last year with an improved score of 88.3 out of 100 while retaining its Triple-A rating from last year. 

Brand Finance attributes Singtel’s stronger brand equity to its fast and robust 5G network, consistent customer experience via its website and apps, and value-for-money products and services for both consumers and enterprises. Singtel also scored well for the familiarity of its brand and brand recall. 

According to the Infocomm Media Development Authority’s latest report on customer handling, Singtel also had the lowest complaint rate for its mobile services among network operators, as well as the lowest complaint rate for fixed broadband services in December 2022.

In terms of brand value, Singtel also grew, climbing up three spots from 40th in 2022 to becoming the world’s 37th most valuable telecoms brand. Brand Finance said this is due to resilient mobile service revenue, the brand’s improved brand strength index and favourable economic factors, such as the lower cost of capital in Singapore.

“Singtel has strengthened its brand leadership significantly in the past year. Its commitment to 5G, consistent customer service and coverage of the 2022 FIFA World Cup, has seen it climb the ranks within the global top ten telecoms brands,” said Alex Haigh, Brand Finance’s managing director for Asia Pacific.

Haigh also said that the improved perceptions of Singtel’s 5G capabilities and coverage, good digital offerings, and greater recall of its branding and promotional activities are particularly noteworthy.

Lian Pek, Singtel’s vice president of strategic communications and brand, also said, “It’s very encouraging to be roundly recognised for values that really matter to us as a brand – the quality of our 5G leadership, value for money products and services, strong brand and ad recall and high familiarity scores.”

Pek added, “The goal has always been to empower our customers with the best-in-class technology and services. As the digital landscape and customer expectations keep changing, we will continue to invest and innovate to deliver on our value proposition of creating the best digital experiences that our network and services are capable of.”

Last year, Singtel has also been named Singapore’s strongest brand by Brand Finance’s 2022 ranking of the country’s top 100 brands.

Singapore – The recent FMCG brand rankings by YouGov has revealed that food brand Maggi and hygiene product brand Dettol are the most-considered fast-moving consumer goods (FMCG) brands in Singapore.

Based on YouGov’s BrandIndex’s Consideration score, Maggi scored 30.3 points whilste Dettol scored 34.2 points. Said metric is a measure of likelihood of purchase from the category.

Next up on the food rankings were snack brands Calbee (27.5 points) and Oreo (25.9 points), followed by the first local brand to make the ranking, Singaporean biscuit manufacturer Khong Guan (23.0 points). 

Meanwhile, American potato chip brands Lay’s (22.7 points) and Pringles (22.3) – ranked in fifth and sixth – were within 0.4 points of each other, with Japanese convenience food and instant noodle company Nissin closely behind (22.2 points). Sweet snack Pocky (18.6 points), Malaysia-headquartered biscuit brand Julie’s (18.3 points) and Japanese biscuit Hello Panda (18.3 points) rounded off the top ten.

In the personal care product category, Unilever brands Dove (26.0 points), Lifebuoy (19.9 points) were next to come after first-ranked Dettol, followed by Lion Japan’s Kirei Kirei (18.6 points).

In addition, The Body Shop was ranked in fifth (18.1 points), with Japan-formulated body wash Shokubutsu closely behind (16.9 points). P&G’s Gillette was the next most-considered in seventh place (14.6 points), followed by its dandruff shampoo brand Head & Shoulders in ninth (12.2).

Lastly, skin and body care brand NIVEA was ranked eighth (13.6), while feminine hygiene product manufacturer Kotex rounded off the top ten most-considered personal care brands (12.2 points).

In a recent report, YouGov has also recently recognised DBS and POSB as the most-considered banking brands in the country. Meanwhile, in overall brand rankings, the country’s airline carrier Singapore Airlines emerged as the top brand for 2022, bagging the spot for five consecutive years.

Singapore – Market research company YouGov releases the 2022 Best Brand Rankings, unveiling Singapore Airlines as the leading brand for the fifth year running.

SIA topped the list with a score of 53.5, remaining the dominant brand among Singaporeans even as businesses evolved amid the pandemic.

Coming in second place is e-commerce platform Shopee with a score of 47.4, followed by clothing brand Uniqlo at 46.5, and tech giant Google at 43.9.

Meanwhile, WhatsApp and Changi Airport took the fifth and sixth spot, both garnering a score of 43.8. Supermarket chain FairPrice ranked seventh with a score of 42.8, while horticultural destination Gardens by the Bay snags the eighth spot with a score of 41.5.

Wrapping up the top 10 is news platform Channel News Asia at rank 9 with a 38.8 score and video sharing website YouTube at rank 10 with a score of 38.5.

Moreover, YouGov also shared the ten most improved brands in 2022. Multi-service platform Go-Jek tops this list with an improved score of +5.7 points. Streaming service Disney+ came in second, as it continued to gain its footing locally following its launch in February 2021.

Instant ramen company Samyang followed with +4.3 points, while social media platform TikTok and local airline Scoot rounded off the top five with improved scores of +2.4 points. Ranked sixth to tenth are Singapore Post with +2.2 points, discount store chain DON DON DONKI with and Apple’s iPhone with +2.1 points each, followed by snack brand Pocky telco SIMBA, both with +2.0 points.

The rankings are based on YouGov BrandIndex’s index score, which measures overall brand health calculated by taking the average of impression, quality, value, satisfaction, recommendations, and reputation.

YouGov has also previously revealed the rankings for the best travel brands in Singapore, which was led by online travel agency Booking.com.