Assets’S Southeast Asia 500What the largest companies in the region measures through income covers seven economies: Indonesia, Thailand, Malaysia, Cambodia, Vietnam, the Philippines and Singapore.
Indonesia, the largest economy in Southeast Asia in relation to GDP and the population, has the greatest footprint on the list and covers more than a fifth of the overall rank with 109 companies. Thailand, the second largest economy in the region, is in second place with 100.
Singapore, the richest economy in the region according to Pro -Kopf -BIP, is located in the middle of the pack with 81 companies in Southeast Asia 500.
Measured by the revenue, however, the tiny city-state of six million is far above the Asean colleague.
The total turnover from Southeast Asia based in Singapore achieved $ 637 billion or about a third of the total sales of $ 1.8 trillion. This is twice as much Thailand that is in second place with sales of 352 billion US dollars.
What is Singapore going into sales rankings?
Singapurs “Big Three” banking DBS, OCBC and UOB-SIND perhaps the best-known companies in the city state. The three banks are the most profitable companies in Southeast Asia 500.
However, they are not the largest companies based in Singapore on the list.
No. 1 On the list is the Trafigura Group, a Commodities group that deals with metals, minerals, oil and gas. Trafigura’s turnover for 2024 achieved 243.2 billion US dollars, more than any other company on the list and almost four times more than the next largest company in Singapore.
Wilmar and Olam, No. 4 and No. 5, are both in the agricultural room. These two companies are embedded deep into the supply chain for consumer goods such as butter, nuts, grains and food oils. In 2024, the income for Wilmar and Olam reached 67.4 billion US dollars or $ 42 billion.
The central position of Singapore as a turntable makes it a first -class location for companies that want to do business throughout the region, especially in neighboring Malaysia and Indonesia.
The status of Singapore as a financial center also helps to increase its share of sales. Trafigura and Flex (No. 10) are both legally legal seat in Singapore Assets’S -Methodology – Even if both companies have most of their operations and even their operational headquarters in other countries.
