SMIC, BDO lead Philippine companies in Forbes Global 2000 ranking

Seven Philippine companies, led by Sy-led companies SM Investments Corp. (SMIC) and BDO Unibank, were included in Forbes’ latest Global 2000 list.

Forbes’ Global 2000 ranks the biggest public companies in the world using sales, profits, assets and market value.

SMIC, a holding company whose business spans from financial services, retail, banking, and properties, ranked 1029th on the Global 2000 list. It posted sales of $10.98 billion, profit of $1.59 billion and assets of $30.07 billion. It had a market value of $11.83 billion.

“This reflects the trust of our customers and investors, the work of our people, and the strength of the businesses we have built over the years. We continue to invest in the Philippines because we believe in the country’s future and long-term growth,” SMIC President and Chief Executive Officer Frederic C. DyBuncio said in a statement on Thursday.

BDO Unibank, the banking unit of SMIC, ranked 1082nd on the list with $6.73 billion in revenue, $1.52 billion in profit, $94.07 billion in assets, and a market capitalization of $10.16 billion.

Top Frontier Investment Holdings, Inc., the largest shareholder of San Miguel Corp. ranked 1170th on the list with $25.89 billion in sales, $341.6 million in profit and assets of $48.87 billion. Its market value was pegged at $316 million.

Other Philippine companies in the list include Razon-led International Container Terminal Services (1375th), Ty-owned Metropolitan Bank & Trust Corp. (1383rd), Ayala Corp. (1532nd), and Pangilinan-led power distributor Manila Electric Corp. (1704th).

Forbes said it uses the latest 12 months of available financial data as of May 15 to come up with the Global 2000 list. — Sheldeen Joy Talavera