SM Investments Corp. said the inclusion of the company and two of its business units in the maiden Fortune Southeast Asia 500 list is a vote of confidence on the group’s success.
SM Investments placed 27th in the inaugural list which ranked Southeast Asian companies based on their 2023 reported revenues.
The holding firm registered $10.28 billion revenues last year
At 27th overall, it was the second highest ranked firm among the 38 Philippines-based companies that made the cut, next to ranked 9th ranked San Miguel Corp.
SM Investments unit BDO Unibank ranked 57th with its revenue of $5.8 billion and China Banking Corp, at 206th with its revenue of $1.4 billion.
“Having three SM companies included in the inaugural list of Fortune’s Southeast Asia 500 is reflective of how consumers have continued to patronize and support our customer-focused operations,” Frederic DyBuncio, SM Investments chief executive officer, said.
“More importantly, the list underscores Southeast Asia’s increasing importance in the global economy, driven by evolving supply chains and robust economic development across nations like the Philippines. It’s about time to shine the spotlight on Philippine companies and the opportunities in terms of investments and growth,” he added.
