Exemplary Best Practices in Asia Pacific Honoured

SINGAPORE, Oct. 18 /PRNewswire/ -- Best-in-class companies across Asia Pacific were applauded at the 2010 Frost & Sullivan Asia Pacific Best Practices Awards banquet. Held at the Resorts World Convention Centre, Sentosa, Singapore, the awards recognized leading market performance along with best practices within Singapore, Malaysia, China, south-east Asia and the Asia Pacific region.

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Congratulating the noteworthy recipients, Manoj Menon, Partner and Asia Pacific Managing Director at Frost & Sullivan, said, "The awards aim to recognize companies that have placed a focus on business fundamentals, flexibility in business models, continuous innovation and on talent management. Additionally, the Award distinguishes companies' overall success in their business strategy, implementation and market penetration within their operating space."

Of the three country specific awards, one was bagged by Singapore firm Armstrong, Malaysian firm BP Diagnostic Centre and China firm NSFocus. In the Southeast Asia space Eltek Valere was the sole recipient.

Amongst the 10 Asia Pacific awards that were conferred there were three home-grown toppers that shared the limelight with their multinational counterparts. They were Spritzer from Malaysia, Hyflux and Innogene Kalbiotech from Singapore. The awards were conferred in three major industry segments, namely, Healthcare, Industrial Technologies and Information Technologies.

The Awards recognize companies in a variety of regional and global markets, and they seek to showcase best practices in the industry segments which are synonymous with Frost & Sullivan's in-depth analysis and coverage of these industries. In keeping with our time-honored commitment in pursuit of excellence and innovation, the awards offered are carefully reviewed and evaluated to reflect the current market landscape and include new emerging sectors.

The Awards are based on extensive market engineering tools evolved by Frost & Sullivan. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

The Awards banquet was held in conjunction with Frost & Sullivan's Growth, Innovation and Leadership Congress (GIL 2010: Asia Pacific).

For more details on the 2010 Frost & Sullivan Asia Pacific Best Practices Awards log-on to http://www.apacbp-awards.com/sg2/

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com

SOURCE Frost & Sullivan