Six Philippine firms have again made it into the latest Forbes Global 2000 list ranking the world’s top public companies.

SM Investments Corp. (SMIC) now leads Philippine firms at 877th place in Forbes magazine’s global ranking of the biggest and most valuable firms based on sales, profits, assets, and market value.

SMIC’s ranking rose from the 1,092nd spot in 2019 as its market value stood at $24.3 billion, assets at $25.5 billion, and profits at $471.6 million.

Sy-led lender BDO Unibank, Inc. followed at 1,159, dropping from the country’s top spot at 1,018 in 2019.

Top Frontier Investment Holdings, the biggest shareholder of San Miguel Corp., climbed to the 1,183rd spot from 1,196th.

Conglomerate Ayala Corp. improved its ranking to the 1,801st spot from 1,236th.

Meanwhile, LT Group entered the list at the 1,831st spot.

Globally, the top 2000 firms account for $39.8 trillion in revenues, $2.5 trillion in profits, $223.4 trillion in assets and $79.7 trillion in market capitalization.

Source: Business World 14 May 2021
https:// www.bworldonline.com/6-philippine-firms-join-forbes-global-2000-list/