Sy firms top PH in Forbes global list

The Sy family’s flagship SM Investments Corporation and its banking arm, BDO Unibank, led the seven Philippine companies that made it to Forbes Magazine’s 23rd Global 2000, which ranks the largest public companies in the world.

- JAMES A. LOYOLA

SMIC was ranked at No. 811 among the world’s top public corporations, followed by its subsidiary, BDO, at No. 846. Forbes said the firms were ranked using four metrics—sales, profits, assets, and market value.

Third in the list and ranked at 1,116 is Top Frontier Investment Holdings Inc. of Ramon S. Ang and Iñigo Zobel which owns 61.78 percent of San Miguel Corporation.

The Ty family’s Metropolitan Bank & Trust Company is next at 1,317 followed by Pangilinan-led Manila Electric Company at 1.530, Ayala Corporation of the Zobels at 1,644, and International Container Terminal Services Inc. of Enrique K. Razon Jr. at 1,702.