PHOTO FROM FORBES WEBSITE
MANILA, Philippines – Seven companies based in the Philippines made it to Forbes Magazine’s list of the world’s 2,000 largest listed companies, cornering a combined market value of $70 billion.
These are SM Investments Corp. (SMIC), BDO Unibank Inc., Top Frontier Investment Holdings, Metropolitan Bank and Trust Co. (Metrobank), Manila Electric Co. (Meralco), Ayala Corp. and International Container Terminal Services Inc. (ICTSI).
These firms were ranked according to revenue, profit, assets and market value, with SMIC taking the top spot at 811th.
READ: Consumer confidence drives up SMIC earnings to P20B
Apart from Top Frontier, all the companies included in the list are also members of the Philippine Stock Exchange Index (PSEi). The benchmark index is composed of the 30 most valuable and actively traded stocks listed on the local bourse.
Top Frontier is the controlling shareholder of San Miguel Corp., in which it has a 65.99-percent stake.
“For the 23rd year, Forbes’ Global 2000 ranks the largest public companies in the world using four metrics—sales, profits, assets and market value—and despite the geopolitical uncertainty and combativeness resulting from Donald Trump’s tariffs, all four reached records this year,” Forbes said in a statement.