More Phl firms make it to Fortune Southeast Asia 500 list

More Filipino companies made it to the Fortune Southeast Asia 500, a list that ranks the largest companies in the region in terms of total revenues.

- By RICHMOND MERCURIO

A total of 40 Philippine firms entered the list this year, up from 38 companies in the inaugural list released in 2024.

This year's newcomers are Metro Pacific Investments Corp. (MPIC), a conglomerate chaired by business titan Manuel V. Pangilinan, and Zamora-led mining company Nickel Asia Corp.

Diversified conglomerate San Miguel Corp. (SMC) again sits atop the list among companies from the Philippines, maintaining its position in the ninth spot.

Led by tycoon Ramon Ang, SMC was the only Filipino firm in the Top 10, with revenues amounting to $27.5 billion.

"For the second year in a row, we are the only Filipino company in the top 10. It's an achievement I attribute directly to the dedication of our employees—something they should all be proud of," Ang said in a social media post.

"It inspires us and other companies to keep improving and do our best for the country," he said.

SM Investments Corp. of the Sy family came in at the 25th spot with $11.43 billion revenues, followed by Pangilinan-led Manila Electric Co. at No. 35 with $8.21 billion and Ayala Corp., the country's oldest conglomerate, at No. 47 with $6.46 billion.

At No. 50 is JG Summit Holdings of the Gokongwei Group with $6.24 billion and then the Sy family's BDO Unibank at No. 52 with $6.11 billion and the Ty family's GT Capital Holdings at No. 61 with $5.61 billion.