Recently, the Philippines was heralded by the World Bank as the most improved country in terms of Ease of Doing Business ranking. The Philippines jumped 30 spots from 138th to 108th this year. (Wow!)
This 30-spot jump was the biggest improvement for any country in the world this year. This could be accredited to gains in the following indicators: Resolving Insolvency indicator (where PH jumped from 165th to 100th), Getting Credit, Electricity, Paying Taxes, Cross-Border Trading, Dealing with Construction Permits, and Registering Property.
Seems like the PH is the up and coming roaring tiger cub economy of the century, to follow the lead of the Four Asian Tigers - Singapore, Hong Kong, Taiwan and South Korea. It's perhaps the best time to know which PH companies are creating this wave of sustained economic growth.
Would you know which companies are the largest in the Philippines? Well, according to a list made by Forbes in April 2013, eight (8) companies made it to the list of 2000 largest companies in the world.
San Miguel Corporation leads the group of 8 major companies that would somehow drive the economic future of the Philippines. It's then followed by tycoon Henry Sy's SM Investments.
The list of largest companies in the Philippines are as follows:
1. San Miguel
Rank: 694
Sales: $16.6 B
Assets: $0.7 B
Profits: $25.1 B
Market Value: $7 B
2. SM Investments
Rank: 915
Sales: $5.3 B
Assets: $0.6 B
Profits: $13.6 B
Market Value: $16.6 B
3. PLDT
Rank: 1060
Sales: $4 B
Assets: $0.9 B
Profits: $9.9 B
Market Value: $15.1 B
4. BPI
Rank: 1142
Sales: $1.4 B
Assets: $0.4 B
Profits: $23.9 B
Market Value: $9.1 B
5. Manila Electric
Rank: 1308
Sales: $6.8 B
Assets: $0.4 B
Profits: $5.3 B
Market Value: $9.2 B
6. Aboitiz Equity Ventures
Rank: 1642
Sales: $1.6 B
Assets: $0.5 B
Profits: $4.6 B
Market Value: $7.8 B
7. Metropolitan Bank and Trust
Rank: 1666
Sales: $1.5 B
Assets: $0.3 B
Profits: $21.7 B
Market Value: $6 B
8. Ayala
Rank: 1784
Sales: $2.5 B
Assets: $0.3 B
Profits: $11.9 B
Market Value: $8.2 B
