Latest news with #FortuneSoutheastAsia500
Yahoo
10 hours ago
- Business
- Yahoo
FORTUNE UNVEILS 2025 SOUTHEAST ASIA 500
2nd annual Fortune list has Singapore's Trafigura at No. 1, as the energy sector dominates; Malaysia's NationGate claims fastest growing by revenue Ranks of female CEOs at Southeast Asia 500 companies increases to nearly 40, up 28% from last year Indonesia has the most companies, 109, on the Southeast Asia 500 but Singapore companies lead in revenue, profits, and assets SINGAPORE, June 17, 2025 /PRNewswire/ -- Fortune today unveils the 2025 Southeast Asia 500 rankings, the second annual list of the largest companies in the region, ranked by revenue for the 2024 fiscal year. Fortune's focus on Southeast Asia comes as the region emerges as a resilient growth engine for the global economy, playing an increasingly important role in global supply chains, capturing manufacturing capacity shifting from China due to heightened tariffs and trade tensions. The seven countries in last year's inaugural Southeast Asia 500 list—Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia—return in 2025, and continue to make their mark on the region's economy. Indonesia leads with 109 companies, while Thailand follows with 100. Malaysia has 92 companies on the list, surpassing Singapore's 81. Vietnam's presence on the list has grown to 76, while the Philippines contributes 40 and Cambodia rounds out the list with two. Singapore-headquartered commodities trader Trafigura earned the No. 1 spot on the Fortune Southeast Asia 500 for a second year, generating more than $243 billion in revenue in 2024, followed by Thailand's PTT (No. 2), Indonesia's Pertamina (No. 3) and Singapore's food and agribusiness powerhouses—Wilmar (No. 4) and Olam (No. 5). The top five companies generated nearly $516 billion in revenue, or 28% of all 500 companies combined. Together, the top 10 generated $660 billion—36% of the list's total revenue—while the top 20 accounted for $836 billion, nearly half the combined revenue of all 500 companies. Notably, Singapore-based companies generated $637 billion in 2024, underscoring the city-state's role as a regional business hub and accounting for just over a third of the Southeast Asia 500's total revenue. Collectively, companies on the 2025 list generated $1.82 trillion in revenue in 2024, up from $1.79 trillion the year before. The minimum revenue threshold to be included on the 2025 list was $349.4 million. "Fortune's interest in the region reflects Southeast Asia's growing importance as an engine of global growth," says Clay Chandler, Executive Editor, Asia. "The region has become a crucial manufacturing and export hub, which is drawing significant capital flows. This momentum has been further fueled by Trump-era tariffs, which have reshaped global trade dynamics and driven a shift towards Southeast Asia." Energy – whether resource extraction, power generation, or electrical transmission—is the dominant sector on the 2025 list, accounting for almost a third of its total revenue. Thai oil refiner and energy company, Bangchak, breaks into this year's top 20 with a 47% jump in revenue. Financial firms represent Southeast Asia's second-largest sector. Significantly, thirteen banks and financial firms are among the top 20 most profitable companies with Singapore's DBS leading—both in terms of revenue and earnings—for a second year. In his introduction to the new list in the June/July issue of Fortune Asia magazine, editor, Asia, Nick Gordon notes, the Fortune Southeast Asia 500 provides "a snapshot of a region ready to take advantage of global supply chain shifts and booming industries like mining, EVs, and AI—even as U.S. tariff policy threatens to roll back some of last year's gains." Fast-growers in revenue terms included newcomers to the list—Malaysian precision manufacturing company NationGate, Indonesian mining and energy firm, Petrindo Jaya Kreasi and Vietnam's transport infrastructure and automotive services company, Tasco JSC, as well as returning companies such as the Philippines' online gaming firm, Digiplus Interactive, and travel and transportation companies like Singapore aviation catering and logistics firm SATS, Changi Airport Group and Airports of Thailand. In 2024, the top 20 fast-growers captured strong tailwinds from rebounding tourism, resource demand (coal, nickel, energy), digital transformation, and industrial growth in Southeast Asia. In a positive sign for female leadership in the region, Fortune's analysts noted there are 37 female CEOs leading Southeast Asia 500 companies, up from 29 reported last year. There are also 37 women holding the position of chairman. This growth in diversity, alongside the ten CEOs in their 30s, underscores the region's evolving leadership landscape. The average age of the chief executives leading the 500 companies is 58. In total, the 2025 Southeast Asia 500 companies employ more than 6.3 million people. The 2025 Fortune Southeast Asia 500 list and stories are available internationally on and on newsstands across Asia starting today, June 17. The list and rankings can be viewed at About Fortune Fortune is a global multi-platform media company built on a legacy of trusted, award-winning reporting and information for those who want to make business better. Independently owned, Fortune tells the stories of the world's biggest companies and their leaders as well as a new generation of innovators who are moving business forward. Digitally and in print, Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World's Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum and Brainstorm Tech. For more information, visit View original content to download multimedia: SOURCE Fortune
New Straits Times
12 hours ago
- Business
- New Straits Times
Affin earns spot on Fortune Southeast Asia 500 list again
KUALA LUMPUR: Affin Group has been named one of Southeast Asia's largest companies by Fortune for the second consecutive year, recognised for its revenue, profit, balance sheet strength, and employee base. Affin Group said in a statement that this achievement strengthens its strategic presence in the region's evolving financial ecosystem. President and group chief executive officer Datuk Wan Razly Abdullah said the group's continued inclusion in the Fortune Southeast Asia 500 list reflects its growing strength and relevance in a rapidly changing financial landscape. Wan Razly said it indicates the group is "not only keeping pace but moving ahead with focused ambition and a clear strategic agenda". "As we commemorate 50 years of Always About You, this milestone reinforces our long-term commitment to value creation. "Guided by the Affin Axelerate 2028 (AX28) Plan, we are advancing with purpose, strengthening client partnerships, unlocking new growth opportunities, and delivering impact where it matters most," he said. Further demonstrating its strong growth, Affin Group recently secured its first international credit rating of A3 with a stable outlook from Moody's Investors Service. The group also successfully debuted in the US dollar bond market, attracting strong global investor demand. The final order book exceeded US$1 billion across 67 investor accounts, representing a 3.5 times oversubscription. These achievements reflect strong investor confidence and affirm Affin's growing credibility in both regional and international markets.
Korea Herald
14 hours ago
- Business
- Korea Herald
Stavian Chemical Named to 2025 Fortune Southeast Asia 500 List
Recognition Highlights Company's Role in Regional Growth and Global Supply Chains HANOI, Vietnam, June 17, 2025 /PRNewswire/ -- Stavian Chemical, a leading global chemical distributor and manufacturer, a flagship subsidiary of Stavian Group, has been officially ranked #219 in 2025 Fortune Southeast Asia 500, in Fortune's prestigious annual ranking of the region's largest companies by revenue. Now in its second year, the Fortune Southeast Asia 500 list ranks companies across seven countries—Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia—based on their 2024 fiscal year revenues. Stavian Chemical's inclusion reflects its strong financial performance and continued global expansion, following its recent ranking as the #15 largest chemical distributor worldwide by ICIS in 2025. In 2024, Stavian Chemical reported revenue of US$1.33 billion, reinforcing its position as one of Vietnam's most dynamic and globally competitive industrial enterprises. " Being named to the Fortune Southeast Asia 500 is a proud milestone that reflects our strategic vision and long-term commitment to sustainable growth," said Mr. Dinh Duc Thang (Tony Dinh), Founder, Chairman & CEO of Stavian Chemical. " At Stavian Chemical, we are not only expanding our global footprint but also investing in innovation, green technologies, and circular economy practices to ensure we create lasting value for our partners, communities, and the planet." According to Fortune, companies on the 2025 list collectively generated $1.82 trillion in revenue, with the minimum revenue threshold for inclusion being $349.4 million, underscoring the scale and competitiveness of the list. The energy sector led the rankings, while chemicals—Stavian Chemical's core industry—accounted for over $29 billion in total revenue. The list reflects Southeast Asia's growing role in global supply chains, especially amid shifting trade dynamics and increased manufacturing investment. With over 6.3 million people employed by companies on the list, the Fortune Southeast Asia 500 offers a comprehensive snapshot of the region's economic dynamism and evolving corporate landscape. The details of Stavian Chemical's ranking can be viewed at About Stavian Chemical Founded in 2009 and headquartered in Hanoi, Vietnam, Stavian Chemical is the flagship subsidiary of Stavian Group, a multinational corporation operating across technology, industry, and international trade. As a global leader in chemical distribution and a top-tier manufacturer of packaging, Stavian Chemical delivers a comprehensive "One-Stop Shop" solution, seamlessly connecting clients through its international network of offices and warehouses. With a proven track record of excellence and numerous industry accolades, Stavian Chemical remains at the forefront of innovation, committed to providing integrated, end-to-end services to partners across both regional and global markets.
GMA Network
14 hours ago
- Business
- GMA Network
DigiPlus secures spot in Fortune list of fastest-growing firms
DigiPlus Interactive Corp. (DigiPlus) has secured its spot in the Fortune Southeast Asia 500 list, making it as one of the region's largest and fastest-growing companies by revenue. The digital entertainment leader moved up more than 259 notches from last year, reflecting sustained growth in its 2024 financial performance. This also solidified its status as a leading force when it comes to the Philippine gaming and entertainment landscape. 'Being part of Fortune's list is a reflection of the trust we've earned and the impact we deliver,' DigiPlus Chairman Eusebio Tanco said in a press release. 'From building world-class gaming platforms, to pioneering self-exclusion tools, we are shaping a safer, more vibrant digital entertainment industry,' he added. The ranking marks DigiPlus' second consecutive year on the prestigious list, which names the 500 largest companies in Southeast Asia by revenue. The sharp climb reflects the company's 'standout 2024 performance,' which was achieved through the help of the ongoing demand for its flagship entertainment platforms BingoPlus, ArenaPlus, and GameZone. This also showed the firm's successful market expansion and deep commitment to innovation, regulation, and corporate responsibility. In 2024, the company paid P33.7 billion in taxes and regulatory fees, which funded government programs in public health, education, and infrastructure. Its platforms also led the way in responsible gaming, with in-app self-exclusion tools that enable players to cap deposits and set gaming time limits. Meanwhile, DigiPlus is allocating P150 million for social impact initiatives this year through its social development arm, BingoPlus Foundation, for programs in technology education, healthcare, and community resilience. — BAP, GMA Integrated News
Cision Canada
16 hours ago
- Business
- Cision Canada
Stavian Chemical Named to 2025 Fortune Southeast Asia 500 List
Recognition Highlights Company's Role in Regional Growth and Global Supply Chains HANOI, Vietnam, June 17, 2025 /CNW/ -- Stavian Chemical, a leading global chemical distributor and manufacturer, a flagship subsidiary of Stavian Group, has been officially ranked #219 in 2025 Fortune Southeast Asia 500, in Fortune's prestigious annual ranking of the region's largest companies by revenue. Now in its second year, the Fortune Southeast Asia 500 list ranks companies across seven countries—Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia—based on their 2024 fiscal year revenues. Stavian Chemical's inclusion reflects its strong financial performance and continued global expansion, following its recent ranking as the #15 largest chemical distributor worldwide by ICIS in 2025. In 2024, Stavian Chemical reported revenue of US$1.33 billion, reinforcing its position as one of Vietnam's most dynamic and globally competitive industrial enterprises. " Being named to the Fortune Southeast Asia 500 is a proud milestone that reflects our strategic vision and long-term commitment to sustainable growth," said Mr. Dinh Duc Thang (Tony Dinh), Founder, Chairman & CEO of Stavian Chemical. " At Stavian Chemical, we are not only expanding our global footprint but also investing in innovation, green technologies, and circular economy practices to ensure we create lasting value for our partners, communities, and the planet." According to Fortune, companies on the 2025 list collectively generated $1.82 trillion in revenue, with the minimum revenue threshold for inclusion being $349.4 million, underscoring the scale and competitiveness of the list. The energy sector led the rankings, while chemicals—Stavian Chemical's core industry—accounted for over $29 billion in total revenue. The list reflects Southeast Asia's growing role in global supply chains, especially amid shifting trade dynamics and increased manufacturing investment. With over 6.3 million people employed by companies on the list, the Fortune Southeast Asia 500 offers a comprehensive snapshot of the region's economic dynamism and evolving corporate landscape. The details of Stavian Chemical's ranking can be viewed at About Stavian Chemical Founded in 2009 and headquartered in Hanoi, Vietnam, Stavian Chemical is the flagship subsidiary of Stavian Group, a multinational corporation operating across technology, industry, and international trade. As a global leader in chemical distribution and a top-tier manufacturer of packaging, Stavian Chemical delivers a comprehensive "One-Stop Shop" solution, seamlessly connecting clients through its international network of offices and warehouses. With a proven track record of excellence and numerous industry accolades, Stavian Chemical remains at the forefront of innovation, committed to providing integrated, end-to-end services to partners across both regional and global markets.
