8 Philippine firms in Forbes 2017 list

EIGHT Philippine corporations are in the Forbes Global 2000 Companies list for 2017.

A Forbes website report showed that SM Investments ranked at number 823 with total sales of US$7.3 billion; BDO Unibank, at number 1018, $2.6 billion; JG Summit Holdings, at 1151, $4.9 billion; Ayala, at 1176, $4.2 billion; Top Frontier Investment Holdings, at 1128, $14.2 billion; Metropolitan Bank and Trust (Metrobank), at 1531, $2 billion; Aboitiz Equity Ventures, at 1793, $2.5 billion; and Manila Electric Company (Meralco), at 1947, $5.4 billion.

SM Investments Corporation is a holding company engaged in retail business, banking and property development owned by Henry Sy Sr. The JG Summit Holdings is one of the leading conglomerates in the Philippines in food and beverage, air transportation, telecommunications and power distribution. Top Frontier Investment Holdings is a holding company set up in 2008. It owns 66.1 percent of San Miguel Corporation shares.

The Forbes Global 2000 is a yearly ranking of companies around the world by Forbes magazine. The list is based on sales, profits, assets, and market value.

This year's list includes companies from 58 countries. See the full list here.

In 2015, Bank of the Philippine Islands and Philippine Long Distance Telephone Company ranked at number 1243 and 1259, respectively, with total sales of $1.5 billion and $3.9 billion. Both did not make it to the 2017 list.

Topping the list are companies in China and the United States. The Industrial and Commercial Bank of China, China Construction Bank, and Berkshire Hathaway of the United States ranked top three.

Included in the list of the world's top companies are Facebook, Apple, JP Morgan and Chase and Toyota Motor. (Franz Correa/SunStar Philippines)

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