The Philippines Largest Companies | How Big is it?

The largest companies in the Philippines are worth tens of billions of dollars.

Narrated by Tom McKay
Video Edited by iyanbriandi

Brought to you by the Behind Asian Team.

[BehindAsia]

What is the biggest Philippine company that you know of? Let us know down below!

[crewcutter]

They operate in the philippines where goods and services are much cheaper, so its not a problem, further, they hold the market, so even if a foriegn company comes in, its not like theyll be put out of business. These companies having lower in value is a actually a good sign for the locals, because it means the goods and services are in line with the purchasing power of the citizens and therefore they do not drive inflation that much.

[macolet]

Most Filipino Companies are conservative. They are not aggressive enough to expand outside their main business and market. They are confined to their Philippine / Filipino market and with their traditional businesses. Even when Jollibee expands to other countries they are still focus on "Filipino" market.

San Miguel, Ayala and SM the biggest companies in the Philippines they have limited expansion outside the Philippines. You rarely see San Miquel products abroad and you cant see BDO or BPI banks in other countries. Whereas, there are Malayan Bank branches in Philippines. Indo foods products are common in Philippine supermarket.

Also, Vinfast EV will soon be sold in the Philippines.

[Universalman]

Philippines has improved a lot
Love from Bangladesh 🇧🇩

[jasonuy]

It’s not a fair competition. The gap between the Philippine peso value vs the US Dollar value is so wide.

[rainieresguerra]

Philippine conglomerates are very conservative and prudent. So, very few go bankrupt.

[cho]

You aren’t comparing apples to apples. You compare jfc to mcdonalds, but mcdonalds is not only older by 35 years, but also has a larger and richer base market, the American market. While comparing Philippine banks to Indonesian ones is also unfair since not only does Indonesia have a larger population thus more people to get money from, but also has a larger economy, and we can see when compared to banks from countries with similar size, population, and economy Philippine banks are comparable if not slightly ahead.

[MARYAM]

I'M NOT FROM THE PHILIPPINES BUT I TRAVEL A LOT IN THE PHILIPPINES I DO NOT UNDERSTAND WHY A LOT OF PEOPLE AND COUNTRIES BELITTLE THE PHILIPPINES, IN FACT, THEY CAN ALL EAT YOU ALIVE! 😅

[jeon]

It doesn't matter how big a company in the Philippines is. The Philippines needs to bridge the gap between the rich and the poor.

[Socorro-kd]

Nice videos but I still think few people should be checking comments on videos to just see if there’s a reason to make huge profits by working from home

[rickyboy]

Philippines companies are big mostly in north east Asia or some South Asia countries but not globally bigger

[napadaanlng]

Also most of the largest philippine companies deal with real estate business that makes the country's manufacturing side very weak even agricultural products are being imported.

[edwardszolina]

As Philippine companies grow big,  they become less risk takers. They know how they are responsible for many people's livelihoods,  as well as its impact on the Philippines' economy if things go wrong for them,  which makes them more cautious when it comes to new projects or expansion.

[JJ-kimw]

So true, one thing is the local work culture hasnt progressed as well compared to global businesses. The mindset and work culture has to change to grow bigger

[paquitoguillermo]

remittances from ofw around the world are the ones keeping the philippine economy alive

[atreports]

The largest companies in the Philippines are worth tens of billions of dollars.

[nat]

ayala: the quiet multi billionaires . They literally have locations named after them. They are basically the ones directed bybthe government building entire new cities like bgc /nuvali / clark 😂. They are quiet nowadays

[muhdnoor]

The comparison with Petronas gas is absurd. It is because the Petronas Gas is just one of Petronas' subsidiaries. Fact is, the parent company itself, which is Petronas, is not publicly traded company. Petronas is owned by the government. In Q1 2024 alone, Petronas generated revenue of 20 Billion USD with net profit of 5 Billion USD.

[gerardoberdin]

Devaluation of peso will continue in fast pacing so long as Philippine government continue borrowing to fill up the annual budget deficits .

[jylefranzcayabyab]

Remember that we are still third world country, Indonesia and Malaysia are 2nd world countries. Value of stuffs in PH is still far lower.