wealth’s Southeast Asia 500the largest companies in the region are measured by revenue, covering seven economies: Indonesia, Thailand, Malaysia, Cambodia, Vietnam, the Philippines and Singapore.
In terms of GDP and population, Indonesia is the largest economy in Southeast Asia, with the largest area, accounting for more than one-fifth of the total ranking of 109 companies. Thailand, the region’s second largest economy, ranks second with 100.
Singapore is the richest economy with per capita GDP, located in the middle of the region, with 500 companies in Southeast Asia.
However, by revenue, the small city-state of six million ultimately far surpassed its ASEAN counterparts.
The total revenue of 500 Southeast Asian companies, headquartered in Singapore, reached $637 billion, accounting for about one-third of the list’s total revenue of $1.8 trillion. That’s twice that of Thailand, accounting for second place, with revenue of $352 billion.
What drives Singapore to increase its revenue rankings?
Singapore’s “big three” banks – DBS, OCBC and UOB are probably the most outstanding companies in the city. These three banks are the most profitable companies on the Southeast Asia 500.
But they are not actually the largest Singaporean companies on the list.
The first place on the list is Trafigura Group, a commodity group involving metals, minerals, oil and gas. Trafigura’s revenue reached $243.2 billion in 2024, more than any other company on the list and four times the next largest company in Singapore’s revenue.
Wilmar and Olam, Nos. 4 and 5, are in the agribusiness space. The two companies are deeply embedded in consumer products in the supply chain, such as butter, nuts, cereals and cooking oils. In 2024, Willma and Oram’s revenue reached US$67.4 billion and US$42 billion, respectively.
Singapore’s central position as a hub makes it a major location for companies looking to do business in the region, especially in neighboring countries Malaysia and Indonesia.
Singapore’s position as a financial center also helps expand its revenue share. Trafigura and Flex (No. 10) both live legally in Singapore, making them Singaporean companies wealth’S Method – Although both companies have a large portion of their operations, they even have their operational headquarters in other countries.
