Six Philippine companies made it to this year’s Forbes magazine’s Global 2000 list, an international ranking of the world’s “biggest, most powerful and most valuable” publicly listed firms.
The six local companies that joined the 17th annual Global 2000 roster were BDO Unibank, SM Investments Corp., Top Frontier Investment Holdings, Ayala Corp., Metropolitan Bank & Trust Co. and JG Summit Holdings Inc.
Except for Top Frontier, all these companies are part of the main-share Philippine Stock Exchange index (PSEi), the cream of the crop in the local stock market.
Top Frontier is the controlling stockholder (66 percent owner) of conglomerate San Miguel Corp., which is part of the PSEi along with its oil refining arm Petron Corp.
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BDO, led by the Sy family, was the highest-ranked local company on the Global 2000 roster at 1,018th place. Its parent conglomerate SM Investments ranked 1,092nd.
Top Frontier ranked 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.
