fortune southeast asia 500

Fortune Editors

Each circle on the map points to the location of a company’s headquarters, and the circle's size represents the company’s revenue. Zoom in by double-clicking on the map to explore company locations and hover over the circles for more information.

Mapping the Fortune Southeast Asia 500

More Fortune Southeast Asia 500 coverage

Introducing Fortune’s first-ever Southeast Asia 500: Firms that mine stuff, make stuff, and move stuff dominate a fast-growing region

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Jollibee has a cult-like following in the Philippines and among the Filipino diaspora. But can its 'Chickenjoy' and sweet spaghetti ever truly challenge McDonald's globally?

The Fortune Southeast Asia 500 debuts right as global business is starting to pay closer attention to the region. Southeast Asian economies are benefiting from supply chain diversification as rapid domestic development builds the next wave of global middle-class consumers. Our new ranking reflects the rise and fall of energy markets, multinational supply chains, and tourism in some of the world’s most dynamic economies.

Trafigura Group

Pertamina

Wilmar International

Olam Group

Perusahaan Listrik Negara

CP All

Flex

San Miguel

DBS Group Holdings

The Top 10

Our new ranking reflects the rise and fall of energy markets, multinational supply chains, and tourism in the region.

Fortune Southeast Asia 500 – The largest companies in the region by revenue | Fortune

Companies are ranked by total revenues for their latest available respective fiscal years ended on, or before, Dec. 31, 2023, unless otherwise noted. &nbsp;All companies on the list must publish financial data and report part, or all, of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures for that year. Revenue and profit figures for companies reporting in their local currency have been converted to U.S. dollars at the average exchange rate during each company’s fiscal year (ended Dec. 31, 2023, unless otherwise noted).

Overview

Revenue figures include consolidated subsidiaries and reported revenues from discontinued operations. For banks, revenue is the sum of gross interest income and non-interest income. For insurance companies, revenue includes premium and annuity income, investment income, realized capital gains or losses, and other income, but excludes deposits.

Revenues

Profits are shown after taxes, extraordinary credits or charges and the cumulative effects of accounting changes, but before preferred dividends. Profits from non-controlling (minority) interests are not included. For REITs and Trusts, amounts available for distribution to unitholders are shown as profits. Figures in parentheses indicate a loss. Profit declines of more than 100% reflect swings from 2022 profits to 2023 losses.

Profits

Assets shown are those at the company’s fiscal year-end. Figures have been converted to U.S. dollars at the exchange rate at each company’s fiscal year-end.

Balance sheet

The inaugural Fortune Southeast Asia 500 was prepared under the direction of list director Ashleigh Nghiem and list editor Scott DeCarlo. Financial statements and annual reports were reviewed by the Asia List team including Boywin Lee, Wilfred Chua, and Bella Lek. The data verification process was aided substantially by Refinitiv and S&amp;P Global Market Intelligence.

Credits

legacy

Fortune Southeast Asia 500

United Overseas Bank

Oversea-Chinese Banking

Charoen Pokphand Foods

Indorama Ventures

Bank Rakyat Indonesia

Siam Cement

Maybank

Singapore Airlines

CP Axtra

Tenaga Nasional

Bank Mandiri

Petrolimex

Bangchak

Sime Darby

Singtel

SM Investments

Telkom Indonesia

Golden Agri-Resources

IRPC

Kasikornbank

Petronas Dagangan

Thai Beverage

Manila Electric

Gudang Garam

CIMB Group Holdings

Agribank

ST Engineering

Bank for Investment and Development of Vietnam (BIDV)

Bank Central Asia

Indofood Sukses Makmur

Central Retail

MIND ID

Sumber Alfaria Trijaya

Vingroup

Bangkok Bank

VietinBank

Adaro Energy Indonesia

SCB X

Petronas Chemicals Group

Binh Son Refining

Yanlord Land Group

Genting

JG Summit Holdings

TRUE

BDO Unibank

PTG Energy

Aboitiz Equity Ventures

Public Bank

Batu Kawan

Bank Negara Indonesia

Singapore Power

Advanced Info Service

Seatrium

Krungthai Bank

PSA International

Sembcorp Industries

Kuala Lumpur Kepong

Ayala

Pupuk Indonesia

Keppel

Banpu

GT Capital Holdings

Dian Swastatika Sentosa

Hoa Phat Group

Mobile World Investment

YTL Power International

Berli Jucker

Axiata Group

Thai Airways International

IHH Healthcare

Housing & Development Board

Japfa

Minor International

Jollibee Foods

Cal-Comp Electronics

Petrovietnam Oil

FGV Holdings

Mewah International

VPBank

SD Guthrie

Erajaya Swasembada

Thai Union Group

Cosco Capital

Vietnam Airlines

PLDT

Petrovietnam Gas

Military Bank (MB Bank)

Alliance Global Group

Sector

Industry

Country / Territory

Headquarters City

Profitable

World's Most Admired Companies

Female CEO

Change the World

Fastest Growing Companies

Global 500

The inaugural ranking includes companies from Indonesia, Thailand, Malaysia, Singapore, the Philippines, Vietnam, and Cambodia.

Rank

Revenues ($M)

Revenue Percent Change

Profits ($M)

Profits Percent Change

Assets ($M)

Employees

Fortune Southeast Asia 500 – The largest companies in the region by revenue | Fortune | Fortune Asia

Fortune Southeast Asia 500

Fortune Southeast Asia 500 Ranking (2024)