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SM, BDO, Ayala Corp, JG Summit among world's biggest firms: Forbes list

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MANILA – Six companies from the Philippines made it to Forbes&#x27; Global 2000 list ranking the world&#x27;s biggest firms in terms of sales, profits, assets and market values.SM Investments Corp (#883), BDO Unibank Inc (#1072), Top Frontier Investment Holdings Inc (#1210), Ayala Corp (#1216), JG Summit (#1506), and Metropolitan Bank &amp; Trust (#1750) were among &quot;the biggest, most powerful and most valuable companies in the world,&quot; Forbes said in a statement released late Wednesday.Chinese companies Industrial &amp; Commercial Bank of China (ICBC) and China Construction Bank bagged the top two spots followed by JPMorgan Chase and Berkshire Hathaway from the US.“It’s been a strong year for businesses worldwide, and companies on the Forbes 2018 Global 2000 saw their market value, assets, sales and profits jump,” said Halah Touryalai, deputy editor for Money &amp; Markets of Forbes Media. However, with more than 40 percent of the list coming China and the US, the “possibility of a trade war between the two is a major risk for global companies,” Touryalai said.Five-hundred sixty companies on the list were from the US while 291 were from mainland China and Hong Kong.

Six companies from the Philippines made it to Forbes' Global 2000 list ranking the world's biggest firms in terms of sales, profits, assets and market values.

Six companies from the Philippines made it to Forbes' Global 2000 list ranking the world's biggest firms in terms of sales, profits, assets and market values.