Latest news with #SoutheastAsia500
Yahoo
8 hours ago
- Business
- Yahoo
The smallest country on the Southeast Asia 500 generated the most revenue
Fortune's Southeast Asia 500, which measures the largest companies in the region by revenue, covers seven economies: Indonesia, Thailand, Malaysia, Cambodia, Vietnam, the Philippines, and Singapore. Indonesia, Southeast Asia's largest economy in terms of both GDP and population, has the biggest footprint on the list, covering more than a fifth of the total ranking with 109 companies. Thailand, the region's second-largest economy, sits in second place with 100. Singapore, the region's wealthiest economy by GDP per capita, sits in the middle of the pack, with 81 companies on the Southeast Asia 500. Measured by revenue, however, the tiny city-state of six million ends up far ahead of its ASEAN peers. Total revenue from Singapore-based Southeast Asia 500 companies reached $637 billion, or about a third of the list's total revenue of $1.8 trillion. That's twice as much of Thailand, which sits in second place with revenue of $352 billion. Singapore's 'Big Three' banks—DBS, OCBC, and UOB—are perhaps the city-state's most prominent companies. The three banks are the most profitable companies on the Southeast Asia 500. Yet they're not actually the largest Singaporean-based companies on the list. No. 1 on the list is Trafigura Group, a commodities group that deals with metals, minerals, oil, and gas. Trafigura's revenue for 2024 reached $243.2 billion, more than any other company on the list and almost four times more than the next biggest company by revenue in Singapore. Wilmar and Olam, No. 4 and No. 5, are both in the agribusiness space. These two companies are deeply embedded in the supply chain for consumer goods like butter, nuts, grains, and cooking oils. Revenues for Wilmar and Olam reached $67.4 billion and $42 billion respectively in 2024. Singapore's central position as a hub makes it a prime location for companies hoping to do business across the region, particularly in neighboring Malaysia and Indonesia. Singapore's status as a financial center also helps to inflate its revenue share. Trafigura and Flex (No. 10) are both legally domiciled in Singapore, which makes them Singaporean companies according to Fortune's methodology–even though both companies have most of their operations, and even their operational headquarters, in other countries. This story was originally featured on Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
19 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
Korea Herald
a day ago
- Business
- Korea Herald
FORTUNE UNVEILS 2025 SOUTHEAST ASIA 500
2 nd 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 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
Malay Mail
a day ago
- Business
- Malay Mail
Malaysia ranks third in Fortune Southeast Asia 500 with 92 firms, NationGate tops region with whopping 723pc revenue growth
Malaysia ranked third in the 2025 Fortune Southeast Asia 500 list with 92 companies, generating US$201.6 billion in combined revenue. NationGate Holdings led regional revenue growth with a 723 per cent increase, joined by four other Malaysian firms among the top 20 fastest-growing companies. Maybank remains Malaysia's top earner and one of the region's most profitable firms, alongside CIMB and Public Bank. KUALA LUMPUR, June 17 – Fortune today revealed its 2025 Southeast Asia 500 rankings, with 92 Malaysian companies making the cut, placing the country third overall behind Indonesia and Thailand. In the annual list which ranks the region's largest companies by revenue for the 2024 fiscal year, Malaysia's entries generated a combined US$201.6 billion (RM856.2 billion) in revenue — with its top 20 companies contributing 64 per cent of that total. 'Among the region's fastest-growing companies by revenue, Malaysia stood out with five in the top 20: NationGate Holdings, Guan Chong, Yinson Holdings, Chin Hin Group, and Gamuda,' the business magazine said in a statement. 'NationGate, a precision manufacturing firm, recorded the highest revenue growth across all 500 companies, with a staggering 723 per cent increase.' Other fast-rising Malaysian firms include Guan Chong, Yinson Holdings, Chin Hin Group, and Gamuda, with Guan Chong and Chin Hin among the top 10 regional performers for growth. Maybank remains the only Malaysian firm in the top 20 by revenue and also ranks among the region's most profitable companies, alongside CIMB Group Holdings and Public Bank, which together posted over US$5.5 billion in net income. Malaysia's largest companies span sectors such as financial services, energy, chemicals, healthcare, and construction, with notable names including Sime Darby, Tenaga Nasional, Petronas Chemicals, YTL, and IHH Healthcare. Regionally, Singapore's Trafigura led the Southeast Asia 500 for a second consecutive year, with US$243 billion in revenue. The top 20 companies on the list accounted for nearly half of the region's total combined revenue of US$1.82 trillion. 'Fortune's interest in the region reflects Southeast Asia's growing importance as an engine of global growth,' Clay Chandler, its executive editor for Asia said in the statement. 'The region has become a crucial manufacturing and export hub, which is drawing significant capital flows. This momentum has been further fuelled by Trump-era tariffs, which have reshaped global trade dynamics and driven a shift towards Southeast Asia.' The list also highlights a rise in female leadership, with 37 women now serving as CEOs of Southeast Asia 500 companies — an increase of 28 per cent from last year.
Yahoo
a day ago
- Business
- Yahoo
What Southeast Asia's largest companies say about a region in flux
This year's Southeast Asia 500, Fortune's second annual ranking of the area's largest companies by revenue, is 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. Companies on this year's 500 list generated $1.82 trillion in revenue last year, up 1.7% from the year before. That lags the 4.1% GDP growth reported across the seven economies covered in this ranking: Cambodia, Malaysia, the Philippines, Indonesia, Thailand, Singapore, and Vietnam. Indonesia, the region's largest country and economy, has the largest presence on the Southeast Asia 500, with 109 companies; Thailand comes in second with 100. Measure by revenue, however, and the tiny city-state of Singapore takes the lead. Singapore-based companies generated $637.1 billion in revenue last year, just over a third of the region's total. The top five companies on this year's list were big enough in revenue terms to make last year's Fortune Global 500. They each trade in commodities, whether metals (Trafigura), oil (PTT and Pertamina), or agricultural products (Wilmar and Olam). No. 6 in revenue this year is Perusahaan Listrik Negara (PLN), Indonesia's state-owned power company. Its ranking underscores another quality of this list: Energy—whether resource extraction, power generation, or electrical transmission—is the dominant sector on the Southeast Asia 500, generating almost a third of its total revenue. Thai energy company Bangchak breaks into this year's top 20 with a 47% jump in revenue. The three most profitable companies on the Southeast Asia 500 are Singapore's 'Big Three' banks: DBS, OCBC, and UOB. DBS, the youngest of the three, takes the lead with $8.5 billion in profits. Despite predictions of a booming digital economy, tech has a small footprint on the Southeast Asia 500. Just one tech company, the e-commerce and gaming firm Sea, sits in the top 20. The next internet company, ride-hailing platform Grab, ranks much further down the list at No. 128—although it did climb more than 20 spots in 2024. But Southeast Asia can't escape the latest tech trends. The biggest revenue jump on the list belongs to Malaysian contract manufacturer NationGate Holdings, No. 243, whose sales jumped by a whopping 723% over the past year, surpassing $1 billion. NationGate's story is an AI story: As Malaysia and the region try to ride the technology with data centers and new AI startups, companies like NationGate—Nvidia's sole contract manufacturer in the region, assembling AI servers—stand to benefit. This articles appears in the June/July 2025: Asia issue of Fortune with the headline 'The biggest companies in a region in flux.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
