SM Investments Corporation (SMIC) has been recognized as the top Philippine company on the 2024 Forbes Global 2000 list, according to The Manila Times. The annual ranking measures companies worldwide by four metrics: sales, profits, assets, and market value.
SMIC's strong performance reflects its diverse portfolio spanning retail, banking, and property development. The conglomerate holds significant stakes in BDO Unibank, SM Prime Holdings, and SM Retail, among others.
The recognition underscores the resilience of Philippine corporations amid global economic challenges. Other Philippine companies on the list included BDO Unibank, Ayala Corporation, and PLDT, highlighting the country's key players in banking, real estate, and telecommunications.