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38 Phl firms land in maiden Fortune Southeast Asia 500
The Philippine Star
|June 19, 2024
A total of 38 Filipino companies have landed in the maiden Fortune Southeast Asia 500 list, with diversified conglomerate San Miguel Corp. (SMC) leading the charge as the only Filipino firm in the top 10.
The inaugural list ranks the largest companies in Southeast Asia in terms of total revenues.
With revenues of $26.02 billion, SMC, led by tycoon Ramon Ang, sits atop the list among companies from the Philippines in the ninth spot.
The Sy family's SM Investments Corp. comes next in the 27th spot with $10.28 billion revenues, followed by Manuel V. Pangilinan-led Manila Electric Co. at No. 34 with $7.98 billion.
At No. 55 is JG Summit Holdings of the Gokongwei clan with $5.93 billion and then Sy family’s BDO Unibank at No. 57 with $5.83 billion.
Aboitiz Equity Ventures of the Aboitiz family is at No. 59 with $5.59 billion, followed by Ayala Corp. at No. 70 with $5.21 billion.
This story is from the June 19, 2024 edition of The Philippine Star.
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