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