San Miguel leads PH firms in ‘Southeast Asia 500’ list
Forty of the Philippines’ top revenue-generating firms made it to Fortune Magazine’s second “Southeast Asia 500” list, showing their potential to take advantage of the ongoing tariff war and global supply chain shifts, cornering around $140 billion in combined sales.
Billionaire Ramon S. Ang-led conglomerate San Miguel Corp.—whose businesses span infrastructure, power, oil and food and beverage—remained the sole Philippine company in the Top 10, ranking ninth with a top line of $27.5 billion.
It was followed by SM Investments Corp. of the Sy family (25th), Manila Electric Co. of Manuel V. Pangilinan (35th), Ayala Corp. of the Zobel family (47th) and JG Summit Holdings Inc. of the Gokongweis (50th).
Others on the list are BDO Unibank Inc. (52nd), GT Capital Holdings Inc. (61st), Aboitiz Equity Ventures Inc. (68th), Jollibee Foods Corp. (79th) and Cosco Capital Inc. (88th).
It can be noted that 27 of the companies from the Philippines gained in rank, meaning they had higher revenues.
Digital entertainment platform DigiPlus Interactive Corp., which jumped 259 places to 223rd, said its inclusion on the list was fueled by strong demand for its games.
“Being part of Fortune’s list is a reflection of the trust we’ve earned and the impact we deliver,” DigiPlus chair Eusebio Tanco said in a statement.
“From building world-class gaming platforms to pioneering self-exclusion tools, we are shaping a safer, more vibrant digital entertainment industry,” Tanco added.
Bloomberry Resorts Corp., operator of Solaire Resorts and Casino and now DigiPlus’ newest competitor, also climbed 18 notches to No. 289.
Newcomers were: Nickel Asia Corp., 492nd with $389.7 million in revenues; and Metro Pacific Investments Corp., 227th with $1.28 billion.
“The region has become a crucial manufacturing and export hub, which is drawing significant capital flows,” Fortune Asia executive editor Clay Chandler said in a statement.
“This momentum has been further fueled by Trump-era tariffs, which have reshaped global trade dynamics and driven a shift toward Southeast Asia,” Chandler added.
Fortune added Southeast Asia to its decades-old “500” franchise last year, during which it recognized a shift in preferences among consumers, particularly for its tech-driven companies.
Singapore-based commodities trader Trafigura kept its Top 1 throne with $243.2 billion in revenues.
