Fortune ‘s South -East Asia 500The measurement of the largest companies in the income region covers seven economies: Indonesia, Thailand, Malaysia, Cambodia, Vietnam, Philippines and Singapore.
Indonesia, the largest economy of South -East Asia in terms of GDP and the population, has the largest mark on this list, which covers more than a fifth of the total rating with 109 companies. Thailand, the second largest economy of the region, ranks second out of 100.
Singapore, the richest economy of the region per capita, sits in the middle of the flock, with 81 companies on Southeast Asia 500.
However, measured by profit, the tiny city-state of six million ends far ahead of its peers.
The total income from Singaporean companies Southeast Asia 500 reached $ 637 billion, or approximately a third of the total income of the list of $ 1.8 trillion. This is twice as much of Thailand, which ranks second with $ 352 billion.
What attracts Singapore to income rating?
Singapore “Big” Banks-DBS, OCBC and UOB-May, the most famous companies of the city. Three banks are the most profitable companies in Southeast Asia 500.
However, they are not really the largest Singapore companies on this list.
No. 1 on the list – Trafigura Group, a commodity group involved in metals, minerals, oil and gas. Trafigura’s income for 2024 reached $ 243.2 billion, more than any other company in the list, and almost four times larger than the next largest income company in Singapore.
Wilmar and Ola, No. 4 and No. 5, both are in the agribusiness. These two companies are deeply built into the supply chain for consumer goods such as oils, nuts, grains and culinary oils. In 2024, the revenues for Wilmara and Olam reached $ 67.4 billion and $ 42 billion.
Singapore’s central position as the center makes it a major place for companies that hoping to run business across the region, especially in neighboring Malaysia and Indonesia.
Singapore status as a financial center also helps to overestimate the income share. Trafigura and Flex (No. 10) both legally reside in Singapore, making them Singapore companies, according to Fortune ‘S methodology – although both companies have most of their operations and even their operative headquarters in other countries.
