What is the largest company in the Philippines? What is the biggest corporation in our country? If you are an aspiring business owner and entrepreneur, you may ask yourself those questions. Although you may be overwhelmed by how those companies are far bigger than your own company, it’s a good thing to be inspired and motivated by what they have achieved. Besides, you may also be amazed how our Filipino corporations are left behind when it comes to global rankings. Nevertheless, let’s just aim for big, then strategically plan and desire that someday our company will be the next big thing, not only in the Philippines, but also in the world. Remember what Donald Trump said… You have to think anyway, so why not think big? So let us now see which one among the country’s largest and leading companies has made it to the top.
The largest company in the Philippines in 2011
Update: On April 2011, the Forbes Magazine has issued and published its annual Global 2000 list of the world’s leading companies for 2011. San Miguel Corporation, which is now ranked at no. 901 (rank 1,566th last year) globally, is now considered the largest Philippine company according to the list, taking over the no. 1 position from PLDT. San Miguel increased it sales from $3.61 billion last year to $5.5 billion this year. From a market value of $3.5 billion reported in 2010, it significantly increased to $8.7 billion this year. Its total assets also increased from $6.98 billion last year to $19 billion this year. PLDT falls down from 1,080th to 1,297th rank in this year’s Global 2000 list. Consequently, it is now only second to San Miguel as the biggest company in the country, while SM Investments remains on the third spot. Moreover, Manila Electric Company (Meralco) joined the Global list this year, making the Philippine Companies four (4) from the only three Filipino companies which made it to the top 2000 last year. For more detailed information, please read our updated post titled “The largest and biggest companies in the Philippines”.
The largest Philippine company in 2010
The biggest Philippine company according to Forbes Global 2000 in year 2010 is Philippine Long Distance Telephone (PLDT) Company. Based on the list, PLDT is the 1,080th largest company in the world, with sales amounted to $3.29 billion, profit of $840 million and assets of $5.33 billion. The company also has a market value of $10.77 billion as of March 1, 2010. PLDT, through its main business segments – wireless, fixed line, and information and communications technology, offers the most diversified range of telecommunications services across the Philippines. The company’s current Chairman of the Board of Directors is Manuel V. Pangilinan, while its current president and CEO is Napoleon L. Nazareno.
Next to PLDT is San Miguel Corporation Philippines, who made it to the 1,566th in the list, with sales amounted to $3.61 billion, profit of $420 million, total assets of $6.98 billion and market value of $3.5 billion. The third and the last that made it to the list is SM Investments, who is the 1,707th biggest companies in the Forbes list, with sales of $2.55 billion, profit of $300 million, total assets of $6.12 billion and market value of $4.83 billion.
Updated: May 2011