16 Malaysian Companies on Forbes Largest Firms List

08/05/2015

Sixteen Malaysian firms have made it to Forbes’ 2015 Global 2000 list of the world’s largest and most powerful public companies.

Financial institution Maybank was the highest-performing Malaysian company at 371st place with US$24.5 billion (RM88.5 billion) in market value, followed by utility provider Tenaga Nasional at 408th place US$22.3 billion (RM80.5 billion) market value.

Other companies on the list include CIMB Group (574), Public Bank (578), Sime Darby (709), Axiata Group (932), Genting (1122), RHB Capital (1185), Hong Leong Financial Group (1287), MISC (1318), AmBank Group (1331), Petronas Chemicals (1339), Maxis (1441), Petronas Gas (1485), IOI Group (1559) and finally YTL (1589).

The business magazine’s 2015 Global 2000 list, which measured firms by their revenue, profits, assets and market value, covered companies from 61 countries, with combined revenues of US$39 trillion and a market value of US$48 trillion.

China’s four biggest banks own the top four spots while Warren Buffett’s conglomerate Berkshire Hathaway stays at the 5th place, making it the largest U.S. company this year.

United States tops the list with the most number of companies at 579, followed by China/Hong Kong (232), Japan (218), the United Kingdom (94) and South Korea (66).