38 Philippine Companies Make It to Fortune's Southeast Asia 500
Story by Micah Avry Guiao
Spot.ph
18 June 2024
Fortune has unveiled its inaugural Southeast Asia 500 list—with 38 Filipino companies making the cut. San Miguel leads the pack by claiming a spot in the Top 10, landing ninth overall.
Prominent conglomerates and holding companies include SM Investments, JG Summit Holdings, Aboitiz Equity Ventures, Ayala, GT Capital Holdings, Alliance Global Group, Lopez Holdings, Filinvest Development, LT Group, and DMCI Holdings. These firms cover a broad range, from real estate to power and manufacturing.
The banking and financial services sector is also well-represented with BDO Unibank, Metropolitan Bank & Trust, BPI, UnionBank, Rizal Commercial Banking, China Banking, and Security Bank.
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| Each circle on the map points to the location of a company headquarters, while circle's size represents company revenue. PHOTO BY Screenshot from Fortune |
San Miguel joins a diverse set of companies at the highest rungs. While the top one, Singapore's Trafigura is a commodities trader, the next two—Thailand’s PTT and Indonesia’s Pertamina—are both from the energy sector. Other industries include agriculture, retail, and manufacturing. Singapore stands out with five companies in the top 10 and a total of 84 overall.
"The Fortune Southeast Asia 500 reflects a dynamic and fast-changing region—one whose core economies are growing notably faster than those of Europe or the U.S. This is partly due to Southeast Asia taking on far greater significance in the global economy, not least because a host of Global 500 multinationals have shifted more of their supply chains to Southeast Asian nations," Clay Chandler, Executive Editor for Asia at Fortune, said in a press release.
He also pointed out that five companies on the Southeast Asia 500 were large enough to have made the 2023 edition of the Fortune Global 500.
Philippine companies in Fortune’s Southeast Asia 500 list
Here are the 38 Philippine companies included in Fortune's Southeast Asia 500, along with their corresponding spots on the list:
- San Miguel - 9th place
- SM Investments - 27th place
- Manila Electric - 34th place
- JG Summit Holdings - 55th place
- BDO Unibank - 57th place
- Aboitiz Equity Ventures - 59th place
- Ayala - 70th place
- GT Capital Holdings - 74th place
- Jollibee Foods - 86th place
- Cosco Capital - 95th place
- PLDT - 97th place
- Alliance Global Group - 100th place
- Robinsons Retail Holdings - 105th place
- Metropolitan Bank & Trust - 108th place
- Globe Telecom - 111st place
- BPI - 112nd place
- PAL Holdings - 113rd place
- Lopez Holdings - 122nd place
- ICTSI - 145th place
- DMCI Holdings - 159th place
- LT Group - 169th place
- UnionBank - 186th place
- Filinvest Development - 189th place
- Rizal Commercial Banking - 201st place
- Monde Nissin - 205th place
- China Banking - 206th place
- Century Pacific Food - 238th place
- Basic Energy - 244th place
- Security Bank - 267th place
- Synergy Grid & Development - 286th place
- Bloomberry Resorts - 307th place
- Metro Retail Stores Group - 363rd place
- Converge ICT - 389th place
- Wilcon Depot - 398th place
- D&L Industries - 404th place
- Manila Water - 435th place
- SSI Group - 473th place
- Digiplus Interactive - 482nd place
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