Seven PH firms make Forbes Global 2000 list

Seven Philippine companies, including SM Investments Corporation and BDO Unibank, have been recognized on the Forbes Global 2000 list.

SM Investments Corporation (SMIC) leads the Philippine delegation at rank 811, with $10.56 billion in sales, $1.44 billion in profits, $29.37 billion in assets, and a market capitalization of $18.67 billion.

BDO Unibank is the second highest-ranked Philippine company at 846, reaffirming its status as the nation's largest financial institution with $6.31 billion in revenue, $1.43 billion in profits, $84.33 billion in assets, and a market value of $15.09 billion.

Top Frontier Investment Holdings, ranked at 1,116, stands out as the country's largest revenue generator with $27.53 billion in sales, despite posting a net loss of $193.1 million.

Metropolitan Bank and Trust Co. (Metrobank), Manila Electric Co. (Meralco), Ayala Corp., and International Container Terminal Services Inc. (ICTSI) are the other Philippine companies on the list.

SMIC president and CEO Frederic DyBuncio stated that the global recognition highlights the evolving strength of the Philippine economy, driven by strong fundamentals and local enterprise.