The GLobal 2000 List By Forbes Included Six Philippine Firms
FORBES LIST – The American business magazine released the Global 2000 list, ranking huge companies from all over the world, Philippine firms included.
![Forbes List](http://philnews.ph/wp-content/uploads/2019/05/Forbes.png)
Check out this list of World’s billionaires released in 2017 by Forbes. 10 Filiinos made it to the list!
Meanwhile, six Philippine-based companies made it to this years’ Global 2000 list by Forbes. Included in the list were the companies:
- BDO Unibank ,
- SM Investments Corp.,
- Top Frontier Investment Holdings,
- Ayala Corp.,
- Metropolitan Bank & Trust Co., and
- JG Summit Holdings Inc.
Specifically, basing on the released list:
- Banco De Oro (BDO) was in the 1,018th rank having $11.2 Billion in market value and SM Investments was in the 1,092 with $21.6 billion.
- Top Frontier made it to 1,196th rank with $1.7 billion (Top Frontier is the major shareholder of the diverse San Miguel company).
- Ayala Corporations ended up in the 1,236th rank with $11 billion
- Metrobank also made it to the 1,639th rank with $6 billion
- JG Summit Holding Incorporated was at 1,720th rank with $8.5 billion
Forbes Magazine stated that the ranking of the mentioned companies were based on four factors: sales, profits, assets and market value.
This is according to an article from PhilStar.
According to Forbes, the Global 2000 list reflects businesses’ good performances all over the world.
A steady increase in revenue, profits and market cap can be noticed in the companies included in the list.
Also considered by Forbes, banks and diversified financials had a pretty good run in 2019. Observing that most US Banks booked increased profits after the recent set of taxation cuts.
M&A sector also had several remarkable improvements in business, considering the $78.3 billion addition of Time Warner by AT&T multinational company.
That is all there is to it, at least for now. We’ll post updates as soon as we got them.