DBS Group, Wilmar International, Flex and Olam Group were among the companies from Singapore in the Fortune list.
In a statement on June 18, Fortune said that Trafigura dominated the rankings with sales of US$244 billion . Singapore-headquartered companies make up the largest share of the top 10 and top 20 lists among the South-east Asian countries, whether ranked by revenue or profitability.Singapore contributed nine firms in the top 20 list by revenue, and eight when ranked by profitability.
While the energy sector held three of the top 10 spots, fast-moving consumer goods, financial services and commodities were represented as well.“That accounts for more than a third of the revenue for fiscal year 2023 across all South-east Asia 500 companies which reported total revenues of US$1.8 trillion.It also said the energy sector was the region’s largest, with collective revenues of US$590.7 billion, while banking was second largest at US$242 billion.