Eight Philippine companies were able to make it to the list of Forbes’ 13th annual Global 2000 ranking of the world’s most powerful and valuable companies.
Forbes said the criteria for the Global 2000 ranking includes sales, profits, assets and market value.
SM Investments, owned by the family of the country’s richest man Henry Sy, was named as the highest-ranking Philippine company at 911th rank on the list.
SMIC’s market capitalizing $16.7 billion include businesses BDO Unibank, SM retail and SM prime.
Ayala-led Bank of the Philippine Islands (BPI) ranked 1243 on the list with market capitalization of $9.1 billion followed by Philippine Lost Distance Telephone Co. (PLDT) at the 1259th place with $14.2 billion market capitalization.
Making it to rank 1297 of the Forbes list with market value of $7.1 billion is Metropolitan Bank & Trust Co., owned by the family of tycoon George Ty.
Ayala Corp. which includes Ayala Land, BPI, Manila Water and Globe Telecom was ranked 1344 with a market cap of $11.2 billion
John Gokongwei’s JG Summit ranked 1525 on the list. JG Summit, also owns Universal Robina Corp., Cebu Pacific, and Robinsons Land, has a market value of $11.9 billion
Top Frontier Investment Holdings also made it to the list ranking 1792 while Manila Electric Company ranked 1808.
Meanwhile, Industrial and Commercial Bank of China (ICBC), China Construction Bank, Agricultural Bank of China and Bank of China were able to top the Forbes Global 2000.
Following the list, Warren Buffet’s Berkshire Hathaway landed on the 5th spot, while, JPMorgan Chase & Co., ExxonMobile, PetroChina, General Electric and Wells Fargo followed.
Forbes added that the Global 2000 companies account for a total reaches $39 trillion in revenues, $3 trillion in profits, $162 trillion in assets, and $48 trillion in market value for 2015.
H/T: ABS-CBN News; Photo lifted from Google