MANILA, Philippines — SM Investments Corp. (SMIC) and its banking arm BDO Unibank Inc. lead Philippine firms in the latest Forbes Global 2000, the 19th annual ranking of the world’s largest public companies. SMIC has the biggest market value ($24.3 billion) while BDO is the most profitable ($569.5 million) among Philippine firms. SMIC ranked 877th while its banking arm, BDO Unibank ranked 1,159 in the global list. The Forbes Global 2000 list measures the world’s largest public companies in terms of four equally weighted metrics: assets, market value, sales and profits. Despite lower sales and profits for the Forbes Global 2000 companies, total assets and market value were up.

Source: Philippine Star May 21, 2021 15:56 UTC