PLDT ranks high in Philippine firm in Forbes list
In Forbes Magazine’s latest list of the top 2,000 companies in the world, telecommunications giant, Philippine Long Distance Telephone Co. (PLDT) peaks the short list of Philippine companies .
Merely three companies in the Philippines were able to make it into the top 2,000 which was released in the May 2010 issue of Forbes Asia Magazine: PLDT (ranked No. 1,080), San Miguel (No. 1,566) and SM Investments (No. 1,707). PLDT also topped the short list of Philippine companies in last year’s list, where it ranked No. 1,138.
Forbes, one of the world’s principal business magazines, used several metrics that combined sales, profits, assets and market value in order to grade companies worldwide and to come up with its Global 2000 list.
As for Forbes, this kind of approach makes possible a more thorough assessment of companies.
“This year’s list reveals the dynamism of global business. The rankings span 62 countries, with the US (515 members) and Japan (210 members) still dominating the list, but with a combined 33 fewer entries,” according to Forbes.com, the magazine’s website.