Top 10 Public Companies in Southeast Asia

Forbes has unveiled its 22nd annual edition of the Global 2000 list for 2024, showcasing the world's largest companies based on sales, profits, assets, and market value. This year, the companies on the list have reached impressive new milestones, collectively achieving $51.7 trillion in revenue, $4.5 trillion in profit, $238 trillion in assets, and an $88.5 trillion market cap.

The 2024 list features companies from 61 countries, reflecting a broader global representation compared to previous years. Leading the pack is the United States with 621 companies, the highest number since 2007. China and Hong Kong follow closely with 324 companies, while Japan has 181, India 71, and the United Kingdom 66 companies.

In Southeast Asia, several companies have distinguished themselves by making it to the top ranks of the Global 2000 list. Among them is Indonesia’s Bank Central Asia (BCA), which stands out with a market value of $75.33 billion, underscoring its significant influence in the banking sector. Following closely is Singapore’s DBS, valued at $75.27 billion, further highlighting the strength of the region’s financial institutions.

Indonesia's industrial capacity is showcased by Chandra Asri Petrochemical, the country’s largest integrated petrochemical producer, with a market value of $49.34 billion. Singapore's Oversea-Chinese Banking Corporation (OCBC) reinforces the city-state’s financial dominance, boasting a market value of $48.26 billion.

Newcomer PT Amman Mineral Internasional, a major player in Indonesia’s mining sector, makes a strong debut with a market value of $46.59 billion. This highlights Indonesia’s rich natural resources and their growing significance on the global stage. Other notable Indonesian entries include Bank Rakyat Indonesia (BRI) with $46.50 billion, and Bank Mandiri with $38.08 billion, both emphasizing the country’s banking strength.

Bayan Resources, a leading Indonesian coal producer, is valued at $39.59 billion, reflecting the importance of natural resources in the region’s economy. Meanwhile, Singapore’s United Overseas Bank (UOB) adds to the list of financial giants with a market value of $37.65 billion, and telecommunications leader SingTel, based in Singapore, holds a market value of $29.71 billion, showcasing the region’s technological advancements.

These top companies from Southeast Asia not only highlight the region’s economic vitality but also its potential for continued growth and development. Their inclusion in the Forbes Global 2000 list underscores their significant contributions to the global economy and their influential roles within their respective industries. As these companies continue to expand and innovate, they will undoubtedly play a crucial role in shaping the future economic landscape of Southeast Asia and beyond.