6 PH companies make it to Forbes' Global 2000 list

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Metro Manila (CNN Philippines, June 7) — Six Philippine companies made it to Forbes' Global 2000 list, which ranks the world's biggest public companies.

Holding company SM Investments Corp. (SMIC) topped the country's biggest companies at 883rd place.

SMIC's banking unit BDO Unibank, Inc. and holding company Top Frontier Investment Holdings, Inc. ranked 1,072nd and 1,210th, respectively.

Ayala Corp was at 1,216th, while JG Summit placed 1,506th.

Metropolitan Bank & Trust Co. rounded up the Philippine companies in the list at 1,750th.

"The 16th annual Forbes Global 2000 list includes publicly-traded companies from 60 countries. Collectively, the companies on this list account for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value," Forbes said in its website.

Chinese banking companies Industrial & Commercial Bank of China (ICBC) and China Construction Bank claimed the top two spots, while U.S.-based companies JPMorgan Chase and Berkshire Hathaway took the third and fourth places, respectively.

"For the first time since 2015, China and the U.S. split the top 10 evenly this year. China is home to 291 Global 2000 companies while the U.S. is on top with 560," Forbes said.

Japan, the United Kingdom, and South Korea completed the top five countries with most companies in the list.

Forbes said it calculates the ranking of the world's biggest public companies based on sales, profits, assets, and market value.