To date, the Philippines' performance in the tournament is the best finish by an Asian country in the FIBA Basketball World Cup.[2] The 1950s is often regarded as a "golden era" in Philippine basketball, with the Philippine team's feat in the 1954 championship a factor which contributed to the contemporary popularity of basketball in the country.[3] The 1954 squad is also an inductee of the Philippine Sports Hall of Fame of the Philippine Sports Commission.[4]
The team had an average height of 6 ft 0 in (183 cm) and had the average age of 23, Mumar was the eldest at 29 years old while Francisco Rabat was the youngest at 18 years old.[6]
The team was led by head coach Herminio Silva. The squad was formed from a 24-man pool of players. The initial candidates were determined by a special basketball committee. The final squad formed by Silva is mostly same as the Philippine team which participated in the 1954 Asian Games.[6] Asian Games captain Rafael Hechanova begged off having been recently married at the time. Jose Maria Cacho, Eduardo Lim and Ignacio Ramos also forego from participating in the 1954 championship. Mumar was named skipper in Hechanova's stead, while Rafael Barredo and Ben Francisco were named to the roster. Francis Wilson and Alfredo Sagarbarria were named alternates.[7]
Former basketball player and government official Ambrosio Padilla also headed the 1954 squad.[8]
The Philippines was drawn to Group A with Paraguay men's national basketball team and host Brazil in the preliminary round. The Philippines won over Paraguay despite trailing in the first half. Brazil defeated the Philippines but the host's win over Paraguay ensured that the Philippines progress to the final round.[6]
The Philippines were tasked to face tournament favorites United States and expectedly lost to them. This was followed by wins over Israel, Formosa, Canada and a second lost to host Brazil.
The Philippines were assured of a bronze medal after their 66–60 win over France.[9] This is due to Uruguay, their final opponent, having an inferior win–loss record. Nevertheless, the Philippines capped their campaign with a victory over Uruguay to formalize their third place finish.[6]