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.
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.
