A total of 42 Philippine companies have made it to the Fortune Southeast Asia 500 list, a new ranking of the region's largest corporations by revenue, as reported by Philstar.com. The list marks Fortune's first dedicated ranking for Southeast Asia, highlighting the economic heft of the region's top firms.
The Philippine contingent is led by SM Investments Corporation, which ranked 22nd overall with $9.8 billion in revenue. Other notable entrants include JG Summit Holdings, Ayala Corporation, and PLDT Inc. The list spans diverse sectors from banking and retail to energy and telecommunications, reflecting the breadth of the Philippine economy.
The Fortune Southeast Asia 500 ranks companies based on their latest fiscal year revenue. The inclusion of 42 Philippine firms underscores the country's growing role in the regional business landscape, with many companies expanding their operations beyond domestic borders amid a recovering post-pandemic economy.