BusinessWorld
May 14, 2021 | 8:04 pm
SM Investments Corp. is the highest-ranking Philippine company in the Forbes Global
Courtesy of SM Investments Corp. Facebook page
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.
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