Indonesia Dominates Southeast Asia's Largest Companies List (According to Fortune)

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Nabilah Muhamad 20/06/2024 18:40 WIB

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Indonesia dominates the 2024 Fortune Southeast Asia 500, boasting the highest number of large companies with a total of 110 entries. This places it ahead of other Southeast Asian nations.

List of Southeast Asian Countries with the Most Fortune 500 Companies (2024)

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List of Southeast Asian Countries with the Most Fortune 500 Companies (2024)

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Fortune magazine has released its list of the 500 largest companies in Southeast Asia, the *Fortune Southeast Asia 500*, for 2024.

The ranking covers seven ASEAN countries: Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia, based on fiscal year 2023 revenue.

Indonesia dominates the list with a total of 110 large companies. Several domestic companies rank highly, including PT Pertamina at number 3, PT PLN at number 6, and PT Bank Rakyat Indonesia Tbk at number 15.

Thailand follows with 107 companies, Malaysia with 89, Singapore with 84, Vietnam with 70, the Philippines with 38, and Cambodia with the fewest at 2 companies.

Fortune Asia's Editor-in-Chief, Clay Chandler, explained that the ranking reflects Southeast Asia's dynamic and rapidly changing landscape. The region is also considered to have a core economy growing faster than Europe and the United States.

"With a growing young population of 680 million, low inflation, and stable exchange rates, Southeast Asia is now an attractive market," wrote Clay in his report on Tuesday, June 18, 2024.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia Dominates Southeast Asia's Largest Companies List (According to Fortune)

Indonesia Dominates Southeast Asia's Largest Companies List (According to Fortune)

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Indonesia Dominates Southeast Asia's Largest Companies List (According to Fortune)

Indonesia Dominates Southeast Asia's Largest Companies List (According to Fortune)

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