G.A. Viray
Eight Filipino companies made it to Forbes’ List of Biggest Companies of the World for 2015 called Global 2000. The list, which was topped by the Chinese company Industrial & Commercial Bank of China (ICBC), was revealed last May 6, 2015.
The Philippine companies that made it on the list were:
1. SM Investments
With a market capitalization of $16.7 B, SM Investments is the highest ranking among Philippine companies. The company, which is owned by the country’s richest man, Henry Sy, includes BDO Unibank, SM Retail and SM Prime.
2. Bank of the Philippine Islands (BPI)
BPI, which is lead by the Ayala Group of Companies ranked 1,243 on the list with $ 9.1 B market capitalization.
3. Philippine Long Distance Telephone Company (PLDT)
PLDT, the leader in telecommunications, was ranked at 1,259. Its market capitalization is at $14.2 B.
4. Metropolitan Bank and Trust Co. (Metrobank)
The second largest bank in the Philippines ranked 1,297 with a market value of $7.1 B.
5. Ayala Corporation
Ayala Corp. is at 1,344 in the list. Ayala Corp. includes Ayala Land, Manila Water, Globe Telecom and BPI.
6. JG Summit
JG Summit which includes Universal Robina Corp., Cebu Pacific Air and Robinsons Land is at 1,525 on the list. JG Summit is owned by John Gokongwei, the Philippine’s second richest man in the country.
7. Top Frontier Investment Holdings (TF)
TF owns Clariden Holdings, and is the largest shareholder of San Miguel Corporation (SMC). The company, whose CEO is Ramon Ang, is ranked 1,792.
8. Manila Electric Company (MERALCO)
MERALCO, the Philippine’s largest distributor of electrical power is ranked at 1,808.
The criteria for Global 2000 includes sales, profits, assets and market value.
