8 Filipino Firms Lands Forbes List for 2,000 Publicly Listed Companies for 2015

(PNA) -– Eight Filipino firms have been featured among Forbes’ list for the top 2,000 listed companies for 2015.

According to Forbes’ 2000 Biggest Public Companies for 2015, Sy-led SM Investments Corporation seized the spot of 911 with a market cap of US$ 16.7 billion.

The 164 year-old Bank of the Philippine Islands (BPI), got the 1,243 rank. It has a stock offer limit of US$ 9.1 billion.

The third highest Filipino firm in the list is Philippine Long-Distance Telephone (PLDT), having landed the 1,259 place. It has a market cap of US$ 14.2 billion.

With a stock offer limit of US$ 7.1 billion, Metropolitan Bank and Trust gained the 1,297 spot.

Ayala Corporation bagged the 1,344 rank, with a market cap of US$ 11.2 billion.

At the 1,525 spot is Gokongwei-led JG Summit Holdings Inc., which has a stock offer limit of US$ 11.9 billion.

It was followed by Ang-led Top Frontier Investment Holdings at the rank of 1,792. The company has a market cap of US$ 763 million.

The last Filipino firm on the list is distribution-utility Manila Electric Company (Meralco), having grabbed the 1,808 spot. It has a stock offer limit of US$ 6.8 billion.

Last year, 10 Filipino companies made the top Global 2000 list.

Forbes Global 2000 is the list of the world’s largest, most powerful public companies, based on revenues, profits, assets and market value.

The 2015 list recognizes 2,000 companies from 61 countries, which have a combined revenue of US$ 39 trillion, profits of US$ 3 trillion, assets worth US$ 162 million, and a market value of US$ 48 trillion. (PNA) LGI/JLD