Large corporations and businesses started from humble beginnings, pursuing a vision and mission with a single step and a plan at their garages or home office. Some may even start with their friends or family, but some start alone. Many Filipino-owned businesses aspire to deliver solutions through their products and services, seeking to delight customers and business alike. Driven by the unwavering passion of Filipino entrepreneurship, they aspire to be a top corporation or business in the Philippines; well, some may or some may not, but it is a prominent feat to achieve. These top 10 corporations in the Philippines are enterprises that have become influential forces in the country’s economic landscape and in the world of commerce. In this article, we will discuss the top 10 business giants in the Philippines that drive in their respective industries.
- SM Investments Corporation
SM Investments Corporation, a prominent business leader in the Philippines, holds a wide variety of products, services, and businesses under its well-known portfolio. From its roots in the retail industry, SM Investments has branched out to encompass banking and finance, property development, and various ventures in the leisure and hospitality industry.
Employee Size: 130,421 employees
Market Capitalization: ₱1.12T
- SM Prime Holdings, Inc.
Another business giant under SM’s banner, SM Prime Holdings, Inc. is a leading property developer in the Philippines, and stands as the spearhead of transforming the urban landscape across the nation. Focused on real estate development, SM Prime Holdings is renowned for its vast portfolio of malls, residential properties, office buildings, and hotels. With a commitment to providing world-class spaces and experiences.
Employee Size: 11,695 employees
Market Capitalization: ₱977.526B
- BDO Unibank, Inc. (BDO)
The SM Group is really a corporate powerhouse. The third largest corporation in the Philippines by market capitalization, is also owned by the SM Group; Banco De Oro (BDO), one of the largest banks in the Philippines. BDO is a trusted and prominent financial institution with a rich legacy of 55 years standing. As a universal bank, BDO offers a comprehensive range of banking and financial services, catering to individual clients, businesses, corporations, and institutional investors.
Employee Size: 111,307 employees
Market Capitalization: ₱774.241B
- Bank of the Philippine Islands (BPI)
The oldest bank in the Philippines is the Bank of the Philippine Islands (BPI), which ranks number four in the largest corporations in the Philippines based on market capitalization. BPI has played a pivotal role in shaping the nation’s financial landscape and empowering businesses and individuals alike. With a comprehensive range of banking products and services, BPI continues to be a trusted partner for millions of Filipinos and enterprises alike.
Employee Size: 21,429 employees
Market Capitalization: ₱569.192B
- International Container Terminal Services Inc.
Fifth on our list is The International Container Terminal Services Inc. (ICTSI). ICTSI is a globally recognized leader in port management and operations, with an impressive footprint spanning across multiple continents. Known for its expertise in container handling, ICTSI operates and manages numerous world-class terminals, facilitating the efficient movement of goods and promoting international trade.
Employee Size: 11,000+ employees
Market Capitalization: ₱428.73B
- Ayala Land, Inc.
The real estate division of Ayala Corporation, Ayala Land, Inc. leads the Philippines’ real estate market with its innovative and eco-friendly developments, catering to diverse urban lifestyles. As a subsidiary of Ayala Corporation, Ayala Land boasts a legacy of excellence and delivers top-quality projects spanning residential, commercial, retail, and hospitality ventures. Emphasizing sustainability, their green initiatives contribute to a greener future while driving economic growth through dynamic mixed-use communities that attract businesses, tourists, and residents alike, making Ayala Land a key player in shaping the nation’s urban landscape and inspiring progress.
Employee Size: 47,750+ employees
Market Capitalization: ₱411.309B
- Manila Electric Company (MERALCO)
Manila Electric Company (MERALCO) stands as the top electricity utility corporation in the Philippines that plays a pivotal role in powering the nation’s progress. With a rich history spanning over a century, MERALCO continues to be a leading provider of reliable and accessible electricity to millions of homes, businesses, and industries alike.
Employee Size: 5000+ employees
Market Capitalization: ₱396.678B
- Ayala Corporation
The parent company of Ayala Land, and well-known as one of the top 10 corporations in the Philippines, Ayala Corporation is a prominent corporate giant in the Philippines, that epitomizes a legacy of success and innovation that spans 189 years in the industry. As one of the country’s oldest and most respected business groups, Ayala Corporation has diversified its interests across various industries, including real estate, banking, telecommunications, water infrastructure, and automotive sectors.
Employee Size: 60,150 employees
Market Capitalization: ₱387.071B
- JG Summit Holdings, Inc.
Ninth on the list of the top 10 corporations in the Philippines is JG Summit Holdings Inc, a business group with an amazing portfolio spanning over multiple industries. JG Summit has businesses in aviation, real estate, food manufacturing, banking, and petrochemicals (petroleum).
Employee Size: 23,122 employees
Market Capitalization: ₱333.556B
- Emperador Inc.
Last but not the least, Emperador Inc. stands as a leading alcoholic beverage company in the Philippines, known for its remarkable success in the brandy and spirits industry. Emperador’s line of iconic alcoholic beverages such as the Emperador Light, Gold, and Brandy has brought smiles and joy to Filipino regular drinkers. With a strong focus on producing high-quality products, Emperador has become a prominent player not only in the domestic market but also in the global market.
Employee Size: 1,880+ employees
Market Capitalization: ₱331.253B
Data gathered from the Top 10 Corporations by Market Capitalization came from Tradingview
Takeaway
As stated above, large businesses or corporations started from humble beginnings. It all began with a single step and a vision, which developed along the path of entrepreneurship. If you’re inspired by the top 10 corporations in the Philippines to strive a path of success and innovative entrepreneurship and to take your business to new heights, try Shoppable Business. Shoppable Business is a rapidly growing B2B eCommerce marketplace in the Philippines that aims to help businesses like yours to make smart procurement decisions and purchasing, enabling your business to focus on growth.
Why Become a Seller in Shoppable Business
- Access to a large customer base – allowing businesses to expand their reach and increase sales
- Increased visibility and brand awareness – a platform for businesses to showcase their products/services and potentially attract new customers
- BNPL (Buy now, Pay later) – grow your ASP; buyers/companies can apply for a loan up to ₱150,000.00
Why Become a Buyer in Shoppable Business
- Wide product selection from different categories – a one-stop-shop solution for businesses’ procurement needs
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- Need it now but limited budget – BNPL apply and get up to ₱150,000.00
Ready to take your business to the top business in the Philippines someday? Join Shoppable Business! Whether you’re a buyer seeking smart procurement solutions or a seller looking to meet your customers’ needs, let’s get you started!
