CONGLOMERATE San Miguel Corp. was among the top 10 of the maiden Fortune Southeast Asia 500, which ranks companies according to the size of their revenues. “Southeast Asian economies are benefiting from supply chain diversification as rapid domestic development builds the next wave of global middle class consumers.
CONGLOMERATE San Miguel Corp. was among the top 10 of the maiden Fortune Southeast Asia 500, which ranks companies according to the size of their revenues.
Ayala Corp. was ranked 70th, with $5.21 billion; GT Capital Holdings Inc. at 74th with $5.1 billion; fast food company Jollibee Foods Corp. at 86th with $4.39 billion; Lucio Co’s Cosco Capital Inc. was at 95th with $3.85 billion. The top 10 of the list was dominated by Singapore companies, led by the Trafigura Group as number one with $244.28 billion, followed by Thailand’s PTT with $90.4 billion and Indonesia’s Pertamina with $75.78 billion.
Revenue figures include consolidated subsidiaries and reported revenues from discontinued operations. For banks, revenue is the sum of gross interest income and non-interest income. For insurance companies, revenue includes premium and annuity income, investment income, realized capital gains or losses, and other income, but excludes deposits.
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