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6 Philippine companies make it to Forbes’ 2019 Global 2000 list

/ 02:27 PM May 16, 2019

MANILA, Philippines — Six large Philippine companies made it to Forbes Magazine’s Global 2000 list, an international ranking of the world’s biggest, most powerful, and most valuable publicly-listed companies.

Based on the 17th annual Global 2000 roster (www.forbes.com/global2000) released by Forbes on Thursday, the Philippine companies that made it were: BDO Unibank, SM Investments Corp., Top Frontier Investment Holdings (the controlling shareholder of conglomerate San Miguel Corp.), Ayala Corp., Metropolitan Bank & Trust Co., and JG Summit Holdings Inc.

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BDO was the highest-ranked local company on the list at 1,018th while its parent conglomerate SM Investments ranked 1,092nd.

Top Frontier was 1,196th while Ayala – the oldest business house in the Philippines – ranked 1,236th.

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Metrobank and JG Summit ranked 1,639th and 1,720th, respectively.

The rankings are based on Forbes’ analysis of four metrics: sales, profits, assets, and market value.

“Forbes’ 17th annual ranking of the world’s largest public companies is a reflection of the state of the global economy today: who’s on top, who’s growing and who’s seen better days,” Forbes Magazine said.

For the seventh consecutive year, Industrial & Commercial Bank of China was at the top of the global list while JPMorgan Chase & Co. overtook China Construction Bank for the number 2 spot.

All of China’s “big four” banks are all still in the top 10. Agricultural Bank of China ranked number 4 and the Bank of China was at number 8.

The top 10 companies on Forbes’ 2019 Global 2000 list and their respective sectors are:

Industrial & Commercial Bank of China (China) – banking

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JPMorgan Chase (US) – diversified financials

China Construction Bank (China) – banking

Agricultural Bank of China (China) – banking

Bank of America (US) – banking

Apple (US) – technology hardware and equipment

Ping An Insurance (China) – insurance

Bank of China (China) – banking

Royal Dutch Shell (Netherlands) – oil and gas operations

Wells Fargo (United States) – diversified financials

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TAGS: 2019 Global 2000 list, Business, business news, Forbes, local news, News, Philippine companies, Philippine news updates
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