Two Gokongwei Group conglomerates landed in the inaugural Fortune Southeast Asia 500 ranking for 2024, a first-time list of the largest companies in the region ranked by revenue for the 2023 fiscal year.
Fortune’s focus on the region comes as Southeast Asia gains greater significance in the global economy due to shifting supply chains and the rapid development of the region’s economies. Fortune’s Southeast Asia 500 includes top companies from the seven Southeast Asian countries: Indonesia, Thailand, Malaysia, Singapore, Vietnam, Philippines, and Cambodia. The new list highlights the growing importance of Southeast Asia in the global economy.
JG Summit’s and RRHI’s diverse portfolios span across multiple sectors. JG Summit operates in various industries including food and beverage through Universal Robina Corporation, real estate through Robinsons Land Corporation, air transportation through Cebu Pacific Air, and petrochemicals through JG Summit Olefins Corporation.