SM Investments, BDO make Fortune SEA 500

SM Investments Corporation and its banking subsidiaries, BDO Unibank and China Banking Corporation, again made the Fortune Southeast Asia 500 this year.

The three companies earned the recognition for the third consecutive year.

READ: SM Investments tops Philippine firms in Forbes Global 2000

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SM Investments and BDO, which rank second and fifth among the 42 Philippine companies on the list, placed 28th and 52nd in Southeast Asia, respectively. China Bank ranked 161st.

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According to Frederic C. DyBuncio, SM Investments president and CEO, inclusion in the Fortune Southeast Asia 500 for a third straight year is a singular honor.

“It is a reflection of the dedication of our people, the trust of our customers, and the contributions of our partners and tenants,” DyBuncio said. “It also underscores the role that business plays to advance economic development.”

Fortune, a New York-based magazine covering the global economy with a focus on finance, technology, and leadership, publishes annual rankings of companies based on revenue, profitability, and innovation.

In addition to the Southeast Asia 500, it also publishes the Fortune Global 500, Fortune 500, and Fortune Europe 500.

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For the Southeast Asia 500, Fortune ranks the region’s 500 largest companies by revenue, while also considering profitability, assets, and workforce.

Since the list debuted in 2024, SM Investments has been included every year.

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As the parent company of the SM Group, SM Investments owns and operates market-leading businesses in retail, banking, and property development.

READ: SMIC stays the course despite global economic shocks

DyBuncio said SM Investments’ retail, banking, and property businesses drive economic growth in the Philippines and Southeast Asia.

The SM Group generates resilient cash flows and reinvests them to create long-term value.

Its retail business is the largest and most diversified in the Philippines. Its property arm, SM Prime Holdings, Inc., is the country’s largest integrated property developer.

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BDO is the largest bank in the Philippines, while China Bank ranks among the country’s largest banks. /pai INQ