Source: Fortune
Summary
Singaporean companies dominate the Fortune Southeast Asia 500 rankings by revenue, despite having fewer companies on the list than Thailand and Indonesia. Singaporean firms generated $657.6 billion in revenue, 35% of the total $1.88 trillion. Half of the top 10 companies are headquartered in Singapore, including Trafigura, Wilmar, and Olam. Singaporean companies also led in profits, generating $43 billion, far ahead of Indonesia’s $26.9 billion.
Our Reading
The numbers tell one story.
Singapore’s 82 companies on the list may be fewer than Thailand’s 105 and Indonesia’s 104, but they generate significantly more revenue. Trafigura’s $240.3 billion in revenue puts it at the top of the list. DBS, Southeast Asia’s largest bank, and Flex, a global manufacturing giant, also make the top 10. Singapore’s companies may be smaller in number, but they pack a big punch.
Singapore is the land of giants, where a small number of companies generate a disproportionate amount of revenue and profit.
Author: Evan Null
