Malaysia has 89 companies in first Fortune 500 list of South-East Asia’s largest companies; Maybank is country's top brandMalaysia's Maybank was seen as the most valuable brand in the country. Mybank was placed 11th in both the Top 20 companies by revenue and the Top 20 by profits lists. - Photo: The Star/ANN
In a statement on June 18, Fortune said that Trafigura dominated the rankings with sales of US$244 billion . Fortune, which publishes a much-watched annual list of the 500 top-grossing US companies as well as global, Europe and China rankings, said its focus on South-East Asia comes amid the rapid development of the region’s economies and its growing significance in the global economy due to shifting supply chains.
Indonesia contributed the most companies to the overall list with 110 entries. Thailand came in a close second with 107, followed by Malaysia with 89 companies and Singapore with 84.The top 10 firms by revenue hailed from an eclectic range of sectors. When ranked on profitability, commercial banks dominated the top 10, accounting for six of the top 10 most profitable companies on the list, Fortune noted.
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