Fortune Southeast Asia 500 2024: The Region's Top Companies 2024

Fortune Southeast Asia 500 2024: The Region's Top Companies 2024
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Fortune Magazine has launched the rankings of the 500 Largest Companies in Southeast Asia, known as the Fortune Southeast Asia 500 for 2024. In this ranking, Fortune categorizes the companies based on their revenue for the fiscal year 2023.

This inaugural list of the Largest Companies in Southeast Asia includes companies from seven Southeast Asian countries, namely Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia.

Indonesia dominates the list with 110 companies, followed by Thailand with 107 companies. Malaysia, with 89 companies, surpasses Singapore, which has 84 companies. Vietnam is home to 70 companies on the list, the Philippines has 38 companies, and Cambodia has two companies.


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In terms of revenue, the Singapore-based commodity trading company Trafigura ranks number one on the list, dominating with sales of USD 244 billion.

This private commodities trader in minerals, metals, and energy has the fewest employees among the top ten companies on the list by revenue and is the second most profitable among this group.

Overall, revenue and profit have shrunk over the past year for the 500 Largest Companies in Southeast Asia. However, this change, driven by a weak energy market, overshadows impressive growth stories across various industries.

Rapidly growing companies include Indonesian miners Harita Nickel and Merdeka Battery Materials, travel companies such as Thai Airways, and various insurance and banking companies.

Clay Chandler, the Asia Executive Editor, explained that the Fortune list of the 500 Largest Companies in Southeast Asia reflects a dynamic and fast-changing region, with core economies growing much faster than those in Europe or the United States.

"This is partly because Southeast Asia is taking on a much more significant role in the global economy, not least because a number of Global 500 multinationals have shifted more of their supply chains to Southeast Asian countries," he said in a written statement on Tuesday (06/18/2024).

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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