San Miguel tops Philippine firms on Fortune's SEA 500
Fortune Magazine released its inaugural 'Southeast Asia 500' list, recognizing top revenue-generating firms from across the region.
San Miguel Corporation led Philippine representation at No. 9 with revenues of $26.023 billion in 2023 and reported a net income of P8.887 billion for the first quarter of this year.
SM Investments Corp. followed at No. 27, Manila Electric Company (MERALCO) was ranked No. 34, JG Summit Holdings at No. 55, BDO Unibank Inc. at No. 57, and Aboitiz Equity Ventures at No. 59.
Other notable Filipino companies on the list include Ayala Corp., GT Capital Holdings, Jollibee Foods Corp., Cosco Capital, PLDT Inc., Alliance Global Group, Robinsons Retail Holdings, Metropolitan Bank & Trust Co., Globe Telecom, PAL Holdings, Lopez Holdings Corp., and International Container Terminal Services.
Fortune noted that Southeast Asian economies are benefiting from supply chain diversification as rapid domestic development builds the next wave of global middle class consumers.
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