MANILA, Philippines — Corporations owned by the Sy household led seven Philippine corporations that made it to this 12 months’s checklist of the biggest public corporations on the planet, in accordance with Forbes.
Forbes’ World 2000 checklist included Sy-owned SM Investments Corp. and BDO Unibank Inc., Prime Frontier Funding Holdings Inc., Ty-owned Metropolitan Financial institution & Belief Co., energy large Manila Electrical Co., Ayala Corp. and Worldwide Container Terminal Providers Inc. (ICTSI) of tycoon Enrique Razon Jr.
SM Investments, which operates as a holding firm engaged in monetary providers, retail, banking and properties, was the highest-ranked Filipino firm within the checklist at No. 811.
It was adopted by its subsidiary, BDO, the nation’s greatest financial institution, which ranked No. 846.
“Being named the nation’s high firm on the Forbes World 2000 checklist displays the broader story of a resilient and evolving Philippine economic system – pushed by sturdy fundamentals, vibrant native enterprise and consumption and the enduring optimism of our folks,” SM Investments president and chief government officer Frederic DyBuncio mentioned.
“At SM, we attempt to be a platform for sustained progress by enabling inclusive development and supporting communities to thrive. Rankings could shift over time, however our function stays fixed: to create significant influence and long-term worth for our stakeholders. We stay dedicated to working with companions throughout sectors to assist form a extra resilient, equitable and future-ready Philippines,” DyBuncio mentioned.
Coming in at No. 1,116 is Prime Frontier Funding, the bulk shareholder of diversified conglomerate San Miguel Corp., adopted by Metrobank at No. 1,317.
Meralco, which is chaired by enterprise titan Manuel V. Pangilinan, is at 1,530th place, whereas Ayala, the nation’s oldest conglomerate, ranked No. 1,644.
Ayala, in a press release, mentioned the popularity conjures up the group to hold on with its mission to construct companies that assist folks thrive.
“Coming from our strongest 12 months but in 2024, we proceed to strengthen our core companies and nurture our rising ventures, all whereas harnessing the facility of a extra linked Ayala Group to create better stakeholder worth and maintain development,” Ayala mentioned.
“We additionally have a good time the inclusion of different Filipino corporations within the checklist. This displays the rising world competitiveness of Philippine enterprises,” the corporate added.
Finishing the Philippine corporations within the checklist is ports operator and logistics large ICTSI at No. 1,702.
Corporations that made the checklist have been ranked utilizing 4 metrics – gross sales, earnings, belongings and market worth. The 4 metrics every have equal weights.
Forbes used the most recent 12 months of monetary information obtainable as of April 25, 2025 to calculate the components used within the rating.
Forbes mentioned the two,000 corporations on the twenty third version of the checklist account for $52.9 trillion in annual income, $4.9 trillion in revenue, $242.2 trillion in belongings and $91.3 trillion in market cap.
A complete of 612 corporations on the checklist are headquartered within the US, with China coming in subsequent with 317 corporations represented, together with corporations primarily based in Hong Kong.
General, JPMorgan topped the checklist and has been the primary firm on Forbes’ World 2000 for the previous three years.
US agency Berkshire Hathaway got here in at quantity two, adopted by Industrial & Industrial Financial institution of China Ltd. at third, Saudi Arabian Oil Co. at fourth and Amazon at fifth.
Finishing the highest 10 globally are Financial institution of America, China Building Financial institution, Agricultural Financial institution of China, Alphabet and Microsoft.