Six Philippine companies land on Forbes' Global 2000 list

At least six Philippine conglomerates and banking giants made it to business publication Forbes Global 2000 list, an international ranking of the world’s biggest, most powerful, and most valuable companies.

Based on the 19th annual list released by Forbes on Friday, the Philippine company that made the cut are the following:

• SM Investments
• BDO Unibank
• Top Frontier Investment Holdings
• Ayala Corp.
• LT Group
• Metropolitan Bank & Trust Co.

Six Philippine companies made it to Forbes’ Global 2000 list this year — $SM, $BDO, $TFHI, $AC, $LTG, $MBT.

The list ranks the world’s biggest companies based on sales, profits, assets, market value.

Industrial & Commercial Bank of China topped the list for 9th straight year. pic.twitter.com/GNKQlJvtDJ

— Jon Viktor Cabuenas (@ViktorCabuenas) May 14, 2021

Overall, SM Investments ranked 877th followed by its banking arm BDO which placed 1,159th in the Global 2000 list.

Top Frontier Investment Holdings, the top stockholder of diversified conglomerate San Miguel Corp., ranked 1,183rd while Ayala Corp. came in at 1,801st.

Tycoon Lucio Tan’s LT Group placed 1,831st followed by Ty family’s Metrobank at 1,929th.

Forbes based its rankings on the analysis of firms’ sales, profits, assets, and market value.

Industrial & Commercial Bank of China ranked No. 1 overall, followed by JPMorgan Chase & Co. and Berkshire Hathaway.

The United States boasts the most companies on the list with 590, followed by China (mainland and Hong Kong) with 350, according to Forbes.

The other countries in the top five are Japan, United Kingdom, and South Korea with 215, 66, and 62 companies, respectively.

Forbes said the 2021 Global 2000 companies account for $39.8 trillion in revenues, $2.5 trillion in profits, $223.4 trillion in assets and $79.7 trillion in market capitalization. —LBG, GMA News