Top 10 Billion Dollar Companies in the Philippines

The Philippines is home to an impressive array of public companies with a combined market capitalization of ~300 billion dollars. Friends, here’s the list of the top 10 billion dollar companies in the Philippines by market cap. In this article, you’ll learn more about these companies, how they made a billion-dollar fortune, their subsidiaries (if any), their founders, and how you can take advantage of this data.

What are the Top 10 Billion Dollar Companies in the Philippines?

Here are the top 10 billion-dollar companies in the Philippines in terms of market cap as of Mar 15, 2023. Source: Philippine Stock Exchange

  1. Manulife Financial Corporation
  2. Sun Life Financial Inc.
  3. SM Investments Corporation
  4. SM Prime Holdings, Inc.
  5. BDO Unibank, Inc.
  6. Golden MV Holdings, Inc.
  7. Bank of the Philippine Islands
  8. International Container Terminal Services, Inc.
  9. Ayala Land, Inc.
  10. JG Summit Holdings, Inc.

What are the Billion Dollar Companies in the Philippines?

Here’s the complete list of public companies in the Philippines that broke the billion-dollar valuation in terms of market cap.

  1. Manulife Financial Corporation
  2. Sun Life Financial Inc.
  3. SM Investments Corporation
  4. SM Prime Holdings, Inc.
  5. BDO Unibank, Inc.
  6. Golden MV Holdings, Inc.
  7. Bank of the Philippine Islands
  8. International Container Terminal Services, Inc.
  9. Ayala Land, Inc.
  10. JG Summit Holdings, Inc.
  11. Ayala Corporation
  12. Manila Electric Company
  13. Emperador Inc.
  14. Universal Robina Corporation
  15. San Miguel Food and Beverage, Inc.
  16. PLDT Inc.
  17. Aboitiz Equity Ventures, Inc.
  18. Aboitiz Power Corporation
  19. San Miguel Corporation
  20. Metropolitan Bank & Trust Company
  21. Globe Telecom, Inc.
  22. Jollibee Foods Corporation
  23. ACEN Corporation
  24. Union Bank of the Philippines
  25. Monde Nissin Corporation
  26. DMCI Holdings, Inc.
  27. Semirara Mining and Power Corporation
  28. Alliance Global Group, Inc.
  29. Philippine Trust Company
  30. Wilcon Depot, Inc.
  31. GT Capital Holdings, Inc.
  32. Metro Pacific Investments Corporation
  33. LT Group, Inc.
  34. Converge Information and Communications Technology Solutions, Inc.
  35. Bloomberry Resorts Corporation
  36. Nickel Asia Corporation
  37. Puregold Price Club, Inc.
  38. Century Pacific Food, Inc.
  39. China Banking Corporation
  40. Robinsons Retail Holdings, Inc.
  41. Security Bank Corporation
  42. Robinsons Land Corporation
  43. PAL Holdings, Inc.
  44. Megaworld Corporation
  45. AREIT, Inc.
  46. Philippine Seven Corporation
  47. RL Commercial REIT, Inc.
  48. First Gen Corporation
  49. Synergy Grid & Development Phils., Inc.
  50. D&L Industries, Inc.

Manulife Financial Corporation ($35 Billion)

Manulife Financial Corporation is one of the largest insurance and financial services companies in Canada, with a strong presence in Asia and North America. The company has been operating in the Philippines for over 100 years and is known for its innovative products and services that cater to the evolving needs of its customers. With a focus on offering retirement planning, investment management, and life insurance solutions, Manulife continues to be a trusted partner for Filipinos seeking financial stability.


  • Investment
    • Future Boost – affordable life insurance plan with investments
    • WealthOne – life insurance with the opportunity to grow funds
  • Education
  • Health
    • Health Flex – customizable health insurance plan that lets you pay for the coverage you need
  • Savings and Retirement
    • Freedom – retirement plan for guaranteed cash payouts
  • Protection
    • Horizons
    • Seasons 100
    • YRT and ReAct5
    • 365 Ready Duo
    • 365 Ready Life
    • 365 Ready Accident
  • Group Products
    • Group Life
    • Credit Life
    • Group Critical Illness

Affiliates and Partners

  • Manulife Investment Management and Trust Corporation
  • Manulife China Bank
  • Manulife Financial Plans
  • Manulife Business Processing Services (MBPS)

Sun Life Financial Inc. ($27 Billion)

Sun Life Financial Inc. is a leading Canadian financial services company that provides a wide range of insurance, wealth management, and investment solutions to individuals and businesses in Canada, the United States, Asia, and other international markets. In the Philippines, Sun Life Financial Inc. is one of the top 10 billion-dollar companies with over 5 million clients across its life insurance, health insurance, and mutual fund offerings.


  • Insurance
    • Income Continuation
    • Education
    • Retirement
    • Estate Preservation
    • Preparing for life milestones
    • Health Protection
    • Business Owners Insurance Packages
    • Group Life
    • Digital Insurance
    • Investment-linked Insurance Funds
  • Investments
    • Sun Life Prosperity Funds
    • The Conservative Investor
    • The Moderate Investor
    • The Balanced Investor
    • The Growth Investor
    • The Aggressive Investor


  • Sun Life Financial Plans Inc.
  • Sun Life Financial – Philippines Foundation, Inc.
  • Sun Life Asset Management Company, Inc.

SM Investments Corporation ($19 Billion)

SM Investments Corporation (SMIC) is one of the top 10 billion-dollar companies in the Philippines. It is a conglomerate that operates businesses in retail, property development, banking, and equity investments. The company was founded by Henry Sy Sr., who started out as a shoe salesman before building his empire.

In retail, SMIC owns and operates SM Supermalls, which has over 70 malls across the country. Their property development arm, SM Prime Holdings, builds commercial and residential properties such as condominiums and office buildings. Meanwhile, their banking arm BDO Unibank is one of the largest banks in the Philippines.


  • Property
    • SM Prime Holdings, Inc.
    • SM Malls
    • Residences
      • SM Development Corporation
      • Leisure Homes
      • Tagaytay Highlands
      • Hamilo Coast
    • Hotels and Convention Centers
      • SM Hotels and Conventions Corporation
      • SMX Convention Center
    • Commercial
      • Commercial Properties Group
  • Retail
    • SM Retail, Inc.
    • The SM Store
    • SM Markets
    • Specialty Stores
      • SM Appliance
      • ACE Hardware
      • Our Home
      • Toy Kingdom
  • Banking
    • BDO
    • China Bank
  • Equity
    • 2GO Group, Inc.
    • Atlas Mining
    • Belle Corporation
    • CityMall
    • Goldilocks Bakeshop
    • GrabPay
    • Philippines Urban Living Solutions
    • SM Equity Investments

SM Prime Holdings, Inc. ($17 Billion)

SM Prime Holdings, Inc. is the largest property developer in the Philippines in terms of market capitalization. It has a diverse portfolio of assets that includes malls, residential developments, offices, hotels, and convention centers.

In 2020, despite the challenges brought about by the pandemic on the real estate industry, SM Prime Holdings still managed to maintain its position as one of the top-performing companies in the country. The company’s success can be attributed to its strong brand equity and customer-centric approach. Its flagship malls such as SM Mall of Asia and SM Megamall have become household names in the Philippines.


  • Malls
    • 82 malls in the Philippines
    • 7 malls in China
  • Residences
    • Primary Homes
    • Leisure Homes
      • Hamilo Coast
      • Tagaytay Highlands
  • Offices
    • Commercial Properties Group
    • SM Cyber Buildings
  • Hotels and Convention Centers
    • Taal Vista Hotel
    • Radisson Blue Hotel
    • Pico Sands Hotel
    • Park Inn by Radisson
    • Conrad Manila
    • SMX Convention Center

BDO Unibank, Inc. ($12 Billion)

BDO Unibank, Inc. is the largest bank in the Philippines in terms of assets, loans, and deposits. As of 2022, it has a total asset size of Php 3.7 trillion ($67 billion) and a net income of Php 17 billion ($300 million). BDO Unibank was established in 1968 as Acme Savings Bank and has since then grown through mergers and acquisitions.

In recent years, BDO Unibank has expanded its business to cater to different markets such as retail banking, corporate banking, investment banking, insurance services, and asset management. With over 1,400 branches nationwide and a strong presence overseas through its subsidiaries and representative offices across Asia-Pacific countries such as Hong Kong SAR (China), Singapore, and Japan among others.

Products and Services

  • Lending
    • Corporate
      • Project Finance Loan
      • Term Loan
      • Working Capital Loan
    • Middle Market
    • SME Loan
    • Consumer
      • Personal Loan
      • Auto Loan
      • Home Loan
  • Deposit-taking
  • Treasury
    • Foreign Exchange
    • Bonds
    • Derivatives
  • Brokering
  • Trust and Investments
    • Peso-Denominated UITFs
    • Dollar-Denominated UITFs
    • Yen-Denominated UITFs
    • Institutional UITFs
    • PERA UITFs
    • Easy Investment Plan
  • Credit Cards
  • Corporate Cash Management
  • Remittances


  • BDO Capital
  • BDO Finance
  • BDO Foundation
  • BDO Insure
  • Travel Insurance
  • Pet Insurance
  • Health Insurance
  • Vehicle Insurance
  • BDO Life
  • Protection
  • Health
  • Savings
  • Retirement
  • Estate Planning
  • Group Insurance
  • BDO Network Bank
  • BDO Private Bank
  • BDO Securities

Golden MV Holdings, Inc. ($9 Billion)

Golden MV Holdings, Inc. is involved in the development and sale of memorial lots across various parts of the Philippines. It was founded by former Senate President Manuel B. Villar, Jr. in 1984. The company develops memorial parks and sells lawn lots that range from ₱80,000 to ₱1,950,000, garden lots, family estates and patios. Aside from memorial lots, Golden MV Holdings also provide memorial services such as burial and cremation.

In 2021-2022, the massive number of deaths owing to the tragic event of COVID-19 has stimulated a surge in the demand for memorial parks and lots, Golden MV Holdings being one of the biggest memorial lot developers in the Philippines.

Products and Services

  • Parks
    • Golden Haven Memorial Parks
    • Lawn lot (2.5 sqm)
    • Garden lot (7.5 sqm)
    • Family estate or mausoleum (30 sqm)
    • Family patio
  • Columbary
    • Columbary vault
    • Ossuary vault
  • Chapels and Crematorium
    • Tahanan service
    • Garden view
    • Garden suite
    • Courtyard suite

Bank of the Philippine Islands ($8.5 Billion)

Bank of the Philippine Islands (BPI) is one of the top 10 billion-dollar companies in the Philippines, and it’s no surprise why. Established in 1851, BPI experienced significant growth over the years and expanded its services to become a well-established financial institution that caters to both individuals and corporations.

BPI offers various financial products such as savings accounts, credit cards, loans, and investment opportunities. With its online banking platform, clients can easily manage their accounts anytime and anywhere they are. They also have a mobile app that allows clients to access their accounts using their smartphones or tablets.

Product and Services

  • Lending
    • Business
      • SME Term Loan
      • SME Credit Line
    • Consumer
      • Personal Loan
      • Auto Loan
      • Housing Loan
  • Personal Accounts
    • Savings Account
    • Checking Account
    • Time Deposit Account
  • Treasury
    • Foreign Exchange
    • Bonds
    • Derivatives
  • Investments
    • Unit Investment Trust Funds
    • Fixed Income Securities
    • Mutual Funds
    • Equities
  • Insurance
    • Life and Health
    • Asset Protection
    • Travel
  • Credit Cards
  • Cashflow Management
  • Remittances


  • BPI Asset Management
  • BPI Family Savings Bank
  • BPI Loans
  • BPI PhilAm
  • ALFM Mutual Funds
  • BPI Century Tokyo Leasing
  • BPI Direct
  • BPI Bizlink
  • BPI Foundation
  • BPI MS Insurance
  • BPI Trade
  • eBuena Mano

International Container Terminal Services, Inc. ($7.3 Billion)

International Container Terminal Services, Inc. (ICTSI) is a global port management company that operates and manages container terminals in different parts of the world. ICTSI boasts itself as the largest, independent terminal operator across 6 continents. Founded in 1987 in Manila, Philippines, ICTSI has since expanded its operations to various countries including Africa, Asia, Europe, and the Americas. They have 34 terminals in 20 countries worldwide.

As of 2023, ICTSI is one of the top ten billion-dollar companies in the Philippines with a market capitalization of over $7 billion USD. The company’s success can be attributed to its continuous investment in new technology and modern infrastructure as well as its highly skilled workforce.


  • Batumi International Container Terminal LLC
  • Contecon Guayaquil, S.A.
  • ICTSI Oregon Inc.
  • ICTSI Subic Inc.
  • International Container Terminal Holdings Inc.
  • Jadranska vrata
  • Manila Harbor Center Port Services Inc.
  • Manila North Harbour Port Inc.
  • Operadora Portuaria Centroamericana, S.A. de C.V.
  • Pakistan International Container Terminal
  • PT East Java Development
  • Royal Capital B.V.
  • Tecon Suape S.A.
  • South Cotabato Integrated Port Services Inc.
  • Subic Bay International Terminal Corp.
  • etc.

Ayala Land, Inc. ($7.2 Billion)

Ayala Land, Inc. is a real estate company that specializes in developing and managing properties such as commercial spaces, residential buildings, and hotels. It has been one of the top billion-dollar companies in the Philippines for several years now due to its impressive portfolio of successful projects across the country.

One of their most notable and iconic developments is the Ayala Triangle Gardens in Makati City which features a lush green park surrounded by various dining and retail establishments. Another landmark project by Ayala Land is the Nuvali eco-city development in Laguna which aims to promote sustainable living through its various residential communities, retail centers, recreational facilities, and even a man-made lake.

Products and Services

  • Malls
  • Offices
  • Hotels and Resorts
  • Service Businesses
  • Residences
    • Ayala Land Premier
    • Alveo
    • Avida
    • Amaia
    • BellaVita
  • Estates
    • Established Estates
      • Makati Central Business District
      • Circuit Makati
      • Bonifacio Global City
      • Ayala Alabang
      • Cebu Park District
      • Nuvali
    • Estates in Metro Manila
      • Arca South
      • Cloverleaf
      • Vertis North
      • South Park District
      • The Junction Place
      • Parklinks
    • Tourism Estates
      • Lio
      • Sicogon Island
    • Estates in Luzon
    • Estates in Visayas
    • Estates in Mindanao


  • Ayala Malls
  • AREIT, Inc.
  • CBP Theater Management, Inc.
  • Central Block Developers, Inc.
  • Cebu Leisure Co., Inc.
  • Philippine Integrated Energy Solutions, Inc.
  • Taft Punta Engano Property, Inc.

JG Summit Holdings, Inc. ($7 Billion)

JG Summit Holdings, Inc., founded by the late industrialist John Gokongwei Jr., is a conglomerate with interests in various industries, including food and beverage, real estate, petrochemicals, and airlines. The company’s subsidiaries include Universal Robina Corporation (URC), one of the largest food and beverage companies in the Philippines; Robinsons Land Corporation (RLC), a leading property developer in the country; and Cebu Pacific Air (CEB), the largest low-cost carrier in the Philippines.

URC has a significant presence in Southeast Asia and Oceania with its popular brands such as Jack ‘n Jill, Great Taste Coffee, C2 Tea, and Chippy Snacks. RLC has an extensive portfolio of residential developments, office buildings, shopping malls, hotels, and resorts across major cities nationwide. Meanwhile, CEB offers affordable air travel to domestic and international destinations.

Products and Services

  • Airlines
  • Banks
  • Food and Beverage
  • Petrochemicals
  • Real Estate
  • Telecommunications


  • Altus Property Ventures
  • Cebu Pacific
  • DHL Summit Solutions, Inc.
  • Digital Telecommunications Philippines
  • Express Holdings, Inc.
  • JG Summit (Cayman) Ltd.
  • JG Summit Capital Services Corporation
  • JG Summit Olefins Corporation
  • JG Summit Petrochemicals Group
  • JG Summit Philippines Ltd.
  • Litton Mills, Inc.
  • Philippine Sugar Corporation
  • Robina Farms
  • Robinsons Land Corporation
  • Telegraph Developments Limited
  • UNICON Insurance Brokerage Corporation
  • Universal Robina Corporation
  • URC Philippines Limited

Frequently Asked Questions

What is a public company?

A public company, also known as a publicly-traded or publicly-listed company, is a corporation that has issued shares of stocks to the public through an initial public offering (IPO). By doing so, the company is able to raise capital and expand its operations. These stocks are traded on stock exchanges, such as the Philippine Stock Exchange (PSE), where investors can buy and sell shares in the company.

Public companies have certain obligations and responsibilities to their shareholders and stakeholders. They are required to disclose financial information and other important updates about their business operations regularly. This transparency helps build trust with investors and provides them with valuable insights into the company’s performance.

What is a private company?

A private company is a business that is owned by an individual, group of individuals, or non-governmental organization. Unlike public companies, private companies are not listed on the stock exchange and do not offer shares to the public. This means that only a limited number of people can own equity in the company.

Private companies have more flexibility in terms of decision-making as they are not subject to the same regulations and reporting requirements as publicly-traded companies. They also have greater control over their operations and financial information.

What is a market cap?

Market capitalization, or market cap for short, is a financial metric used to measure the size and value of a publicly traded company. It refers to the total value of all outstanding shares of a company’s stock. In other words, it is the number of outstanding shares multiplied by the current market price per share.

Market cap is often used as an indicator of a company’s overall size and financial health. Companies with larger market caps tend to be more established and have a greater track record of success than smaller companies with lower market caps.

How can I buy this list of companies in the Philippines?

You can buy into these companies by investing in the Philippine stock market.

How to invest in Philippine stocks?

To invest in Philippine stocks, you must open a brokerage account with a licensed broker. This can usually be done online or by visiting a physical office. Once an account is set up, you can then choose which stocks you want to buy and sell through the broker’s platform or trading terminal.

I created a simple guide to investing in stocks. You can also refer to my other post on how to invest profitably in the stock market.

So how exactly do you buy and profit from the businesses of these corporations?

One way to buy and profit from the businesses of these corporations is through investing in their stocks. By purchasing shares of these billion-dollar companies, you become a part owner and have the potential to earn profits when the company performs well and stock prices appreciate in value. However, this also comes with risks as stock prices can fluctuate depending on various factors such as economic conditions or company performance.

Another way is to acquire or merge with these corporations. If you have enough funds or resources, you can explore the possibility of buying out a portion or all of the business of these companies. However, this option entails a lot of capital, careful analysis, and due diligence to ensure that the acquisition will be profitable for your own business.

Lastly, you can also explore partnerships or collaborations with these corporations. By leveraging each other’s strengths and resources, both parties can benefit from shared opportunities and growth potentials without necessarily giving up ownership.

Final Thoughts

Investing in the stock market is a great way to make money for your future. There are several billion-dollar companies in the Philippines that you can invest in and reap the rewards of long-term investments. This is an excellent opportunity to diversify your portfolio and increase your capital over time. Researching these companies, analyzing their performance, and understanding the intricacies of the stock market are important steps to make sure you get returns on your investment.

Share this post 👍
Written by
Written byPaul Dabuco
I'm Paul Dabuco, the man behind Juan Investor, one of the top personal finance blogs in the Philippines. I’m passionate about investing and digital marketing. When I’m not blogging, I’m either tinkering on my clients’ Facebook ads or beachbumming. You can read more about me.

Leave a comment